Q3 Part 1 of 5

Pls help I will upvote if it 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 requirements. Requirement 1. Compute the direct material price variance and the direct material quantity variance. (Enter the variances as positive numbers. Enter curr 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 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. 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 curre 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 = First determine the formula for the price variance, then compute the price variance for direct materials. Standards Get more help . wer pots for urban settings. The company has these standards: (Click the icon to view the actual results.) ial price variance and the direct material quantity variance. (Enter the variances as positive numbers. Enter currency amounts in the formula to the nearest unt to the nearest whole dollar. Label the variance as favorable (F) or unfavorable (U). Abbreviations used: DM= Direct materials) riance, then compute the price variance for direct materials. ])1=DMpricevariance= Actual Results GrandScapes allocated fixed manufacturing overhead to production based on standard direct labor hours. Last month, the company reported the following actual results for the production of 1,400