Question $7(3$ points$).$

Sawyer Industries, Inc. $($SII$),$ developed standard costs for direct material

and direct labor. In $2011,$ SII estimated the following standard costs for

one of their major products, the $30-$gallon heavy$-$duty plastic container.

During July, SII produced and sold $5,000$ containers using $1,100$ pounds

of direct materials at an average cost per pound of $$24.$

Required:

$1-$ calculate July's direct material flexible$-$budget variance.

$2-$ calculate July's direct material price variance.

$3-$ calculate July's direct material efficiency variance