oroduction and material usage was as follows:

M variances 3211 Inc. manufactures a product that requires five pounds of material. The purchasing agent has an opportunity to purchase the necessary material at a vendors bankruptcy sale at $1.40 per pound rather than the standard cost of $2.10 per pound. The purchasing agent purchases 60,000 pounds of material on May 31. During the next four months, the companys Jroduction and material usage was as follows: Production Quantity U:ed June July August September 1,800 2,040 1,740 1,500 9,840 pounds 10,584 pounds 8,970 pounds 7,860 pounds Vote: Round all of your final answers below to the nearest whole dollar. What is the material price variance for this purchase? Vote: Do not use a negative sign with your answer. Ihaterial price variance S 2. What is the material quantity variance for each month for this material? Vote: Do not use a negative sign with your answers. June material quantity variance July material quantity variance August material quantity variance September material quantity variance