Lee Products manufactures faux boulders to be used in various landscaping applications. A special resin is used to make the boulders. The standard quantity of resin used for each boulder is 10 pounds. Lee Products uses a standard cost of $2.20 per pound for the resin. The company produced 1,800 boulders in June. In that month, 17,600 pounds of resin were purchased at a total cost of $44,000. A total of 17,500 pounds were used in producing the boulders in June. Read the requirements. Requirement 2. Calculate the direct material quantity variance. Determine the formula for the quantity variance, then compute the quantity variance for the direct materials. (Enter the variance as a positive number. Enter currency amounts in the formula to the nearest cent and then round the final variance amount to the nearest whole dollar. Label the variance as favorable (F) or unfavorable (U).) Help me solve this Video Get more help- B DM quantity variance = Clear all Check answer