ook Material Variances 1.00 Cinture Comporti produces high-quality where the company's planes Standard costing site and at the following standards formats Lact) $12.00 Director (0.5 1123 Totalment $21.00 Doning the first month of the year, the one plant produced 02.00 te stuur water purch,tor 12.00 per the meaning er en stew shor 10.000 hours $13.50 per hour Required 1. Break down the total variance for materials into a price variance and a usage vartance using the colour ma tormula approaches. Enter the war at negative numbers and we povember Price 294,500 X Favorable Varance 106,000 X Unfavorable vara Total 183,500 X vaate 2. CONCEPTUAL CONNECTION SO the Dose plant manager investigates the materials vananes and told by the purchasing manage that cheaper sur le the bedcovered that this is the reason for the favorable materias price variance Quite in the purchasing manager sapests that the materials pri stare dated to refecture the strisShould the plant manager odate the materiale orice startuousted? Why why not? No. The setion of the purchasing manager Dreme. A two meter pe care are on both materials usagen bor varioncm 2. Yes, the purchasing manager is correct. This will improve the well witality of the company 3. No. The section of the purchasing agar is incorrect. These are not available and secanges to rent and their de Previous Not