ONLY USE THE INFORMATION (I THRU Q). PLEASE LABLE EVERY VARIABLE SUCH AS POUNDS, UNITS, HOURS ETC. PLEASE PLEASE MAKE SURE TO LABEL HOW YOU GOT THAT ANSWER !!!!!

A thru H Given Info for last names starting with: Standard Direct materials: Standard Direct labor: 4 pour y $10/1b. = 2 hor I thru Q 6 ounces @ $0.50/ounce = $3 0.6 hours @ $30/hour = $18 0.6 hours @ $10/hour = $6 5 pou s@ $10/lb. = $50 4 hour $16 4 hou 37/hour = $2F 2 hours nour = $27 29.000 Standard Variable overhead: Total Standard cost per unit Planning budget based on producing & selling Actual production & sales Actual Direct materials purchased & used Actual Direct labor hours worked Actual variable manufacturing overhead 3 000 un 160,00 $8.50/ rid 59.000 jrs @ $1 our 2,500 units 25,0 15 2,000 units 24 units 18,000 ounces @ 164. onne 's @ $0.60/oz $7.5ound 1.100 hours @ 57,01 hour $30.50/hour $1, $564,040 $12.980 Questions: 1. What is the materials price variance? 2. What is the materials quantity variance? 3. What is the difference between a planning budget and a flexible budget? 4. What is the purpose of a budget