26 022530 Rowland reports the following for one of its products. Compute the direct materials price veriance and indicate whether it is Fevorable or Unfavorable. (You may submit written work to support partial credit for this question.) Direct Materials Standard: 4 lbs. $2 per lb. Actual Direct Materials used: 300,000 lbs. Actual finished units produced: 60,000 units Actual cost of Direct Meterials used: $540,000 Short Answer Toolbar navigation BI U G === 27 Using the data from the previous question about Rowland, calculate the direct materials quantity variance and indicate whether it is Favorable or Unfavorable. (You may submit written work to support partial credit for this question.) Short Answer Toolbar navigation 02:26:24 BI U S = = = > !!! A| > Ky