Nelson Products manufactures faux bouklers to be used in vanous landscaping applications. A special resin is used to make the boulden. The standard guantly of reain used for aset bouder is 6 pounds, Noison Products uses a standard cost of $1.60 per pound for the resin. The company producod 3,600 boulders in June. In that menth, 17,500 pounds of reain wnre purchated at a totai cont of $35,000. A total of 17,000 pounds were used in producing the boulders in June. Read the reguirements Requirement 1. Calculate the direct material price variance. Bogin by determining the formula for the price variance, then compute the price variance for the droct materials: (Enter the variance as a postive humber Eirtar camency amounti in ine formilias Begin by determining the formula for th the nearest cent and then round the fir Requirements 1. Calculate the direct material price variance. 2. Calculate the direct material quantity variance