please inlcude steps to the problems. thank you.

Question 2 3.33 The following information is available for ABC Co. for the month of July 2019. Actual quantity of material purchased and used 30,000 pounds Actual purchase price of materials $2.40 per pound Materials purchase price variance $1,200 Unfavorable Standard quantity of materials allowed for actual production 28,000 pounds What was the materials efficiency variance for July 2019? Hint: use the templates used in the lecture (found in Exhibit 7-3 of the textbook), fill in the known information and solve for the unknowns. $4.720 Favorable $4.880 Unfavorable $4.720 Unfavorable $4.880 Favorable Question 3 3.33 pts All of the following are possible causes of a favorable direct materials price variance except O purchasing manager purchased materials that were below standard quality Improperly maintained machines resulted in many ruined units of output O purchasing manager purchased a bulk order and received a significant discount O standard prices for materials were set too high in error