Bo the Baker buys butter that comes in sticks. Four sticks are equal to 1 pound of butter. Each stick equals to 1/2 cup. One of Bo's best selling items is his Butter Biscuits. He uses 1/4 cup of butter for each batch. Each batch makes 12 biscuits.

1. If Bo makes 120 biscuits, how many sticks of butter does he use?

2. How many pounds of butter is that?