IIfe (Caice tho con to yiew the stangardic ) (Click the ioon to vew the actual reagts.) flesd the resurementa. Find doterane the fomula for the pice variance, then compule the price varince for drect maleisis Determine the formula for the quentidy variance, then compute the quantly valance for drect masend. 1=OMquartbyvalasce1= Cecarrits Ele, is a manutacturer of large flower pots for uban sotings. The company has these standacis: (Click the icon to view the siandarts.) (Cick tho lopin to view the ackiat results) Read the teoultements Requitement 2. Who is penerally responsiele for each variance? The departmont is responsible for the materials prise variance. The departmont is responsitie for the maberias quantify varanos Requirement 3. Inteipret the variancos The matersls price varianoe means that the actual price Groowy Bottes' persornel paid for resin. the standard budyoted price for resin. makeriais quantty variance means that Groovy Botiles' employoes used resin than they should have to produce 1.900 pots. Standards 1. Compute the direct material pelco yariance and the drect materiat quantiyy variance. 2. Who is gonerally responsibilo for ench variance? 3. hiterpret the variancos. Gurrency amounts in the formida to the nexnst cent Direct materials) IIfe (Caice tho con to yiew the stangardic ) (Click the ioon to vew the actual reagts.) flesd the resurementa. Find doterane the fomula for the pice variance, then compule the price varince for drect maleisis Determine the formula for the quentidy variance, then compute the quantly valance for drect masend. 1=OMquartbyvalasce1= Cecarrits Ele, is a manutacturer of large flower pots for uban sotings. The company has these standacis: (Click the icon to view the siandarts.) (Cick tho lopin to view the ackiat results) Read the teoultements Requitement 2. Who is penerally responsiele for each variance? The departmont is responsible for the materials prise variance. The departmont is responsitie for the maberias quantify varanos Requirement 3. Inteipret the variancos The matersls price varianoe means that the actual price Groowy Bottes' persornel paid for resin. the standard budyoted price for resin. makeriais quantty variance means that Groovy Botiles' employoes used resin than they should have to produce 1.900 pots. Standards 1. Compute the direct material pelco yariance and the drect materiat quantiyy variance. 2. Who is gonerally responsibilo for ench variance? 3. hiterpret the variancos. Gurrency amounts in the formida to the nexnst cent Direct materials)