please help me understand

GrandScapes is a manufacturer of large flower pots for testing. The company has these standards the icon to view the standarte) Click the icon to the actual routs) Read the Requirement 1. Compuse the direct material price variance and the direct material artly variance. (Emerhe variance as poothumbs Enter cutting anotta in the forma sine cont and then found the final variare not to the nearest whole dollar. Leverance as favorable For unfavorable (U) Abrations used Du Directorat) First determine the formula for the price walance, then compute the price variance for direct materials Adams Standard caritated Adal hours DM variance Standards Actual results Direct materials from Direct labor Standard variable manufacturing overhead Budgeted feed manufacturing overhead Standard fixed MOH. pounds pet posto 34 00 pound 3.0 hours a coat of 23.00 per hour 53.00 eur 52.000 58.00 per director hou (OLIO Grandscapes ailecated fived manufacturing overhead to production based on standard direct labor hours. Laat on the company reported the following actual results for the production of 1.500 hower pots Purchased 14.700 de 0 Se 10 pont Direct matras 14.100 pound to produce 1500 Word 2.3 hours per for pot (900 total at Direct labor cost of $20.00 per Actual variable manufacturing $3.30 per direct stor hour for total actual arable overhead manufacturing overeed of 16.336 Actual fund manufacturing overhead $31,800 Standard fed martutacturing overhead weated based on sul production 53,000 Requirements 1. Compute the direct male price verance and the direct material arty variance 2 Who is generally responsible for each variance? 3. Interpret the variances