Q2 Part 1 of 5

pls help I will upvote if ans is correct

GrandScapes is a manufacturer of large flower pots for urban settings. The company has these standards: (Click the icon to view the standards.) (Click the icon to view the actual results.) Read the reguirements. Requirement 1. Compute the direct material price variance and the direct material quantily variance. (Enter the variances as positive numbers. Enter currency amounts cent and then round the final variance amount to the nearest whole dollar. Label the variance as favorable (F) or unfavorable (U). Abbreviations used: DM = Direct materi First determine the formula for the price varianco, then compute the price variance for divect materials. Standards manufacturer of large flower pots for urban settings. The company has these standards: to view the standards.) Click the icon to view the actual results.) Oompute the direct material price variance and the direct material quantity variance. (Enter the variances as positivo numbers. Enter currency amounts in the formula to the nearest dd the final variance amount to the nearest whole dollar: Label the variance as favorable (F) or unfavorable (U). Abbreviations used: DM = Diroct materials). formula for the price variance, then compute the price variance for direct materials. Actual Results GrandScapes is a manufacturer of large flower pots for urban settings. The company has these standards: (Click the icon to view the standards.) Click the icon to view the actual results.) Read the requirements. Requirement 1. Compute the direct material price variance and the direct material quantity variance. (Enter the variances as positive numbers. Enter currency cent and then round the final variance amount to the nearest whole dollar. Label the variance as favorable (F) or unfavorable (U). Abbreviations used: DM = Dir First determine the formula for the price variance, then compute the price variance for direct materials. Requirements 1. Compute the direct material price variance and the direct material quantity variance. 2. Who is generally responsible for each variance? 3. Interpret the variances