Question 2 The Play Some More Company produces toys for national distribution Standards for a particular toy are: Materials: 12 grams per unit at 56 cents per gram. During the month of May, the company produced 1,000 units. Information for the month follows: Materials: 14,000 grams were purchased and used at a total cost of $7,140. a) Calculate the Materials Price Variance and state if it is Favourable or Unfavourable. 4 marks b) Calculate the Materials Quantity Variance and state if it is Favourable or Unfavourable. 4 marks c) State one reason why these variances in Part a) and Part b) could be Favourable or Unfavourable 2 marks Paragraph BIU- ... A EQ 3 h