S11-4 (similar to) Assigned Media Question Help Dolphin Ceramica produces are planters to be used in utan landscaping project Aparthly is used to make the planters. The standard quarty of clayed for each planer is 20 pounds. The company is a standard cost $2.15 per pound of clay Dolphin produced 2.500 planters in May, in the month 75.000 pounds of clay were purchased and used at the total cost of $150.000 Read the Requirement 1. Calculate the direct material price variance Begin by determining the formula for the price variance, then compute the price variance for the direct materials (Enter the variance as a pie number. Enter currency as in the formulate the newest cert and then round the final variance amount to the nearest whole dolar Label the variance as favorable For unfavorable (U) Abbreviations Direct materials) Actual Quantity purchased x Actual price Standard price DM price wariance S11-4 (similar to) Assigned Media Question Help Dolphin Ceramica produces are planters to be used in utan landscaping project Aparthly is used to make the planters. The standard quarty of clayed for each planer is 20 pounds. The company is a standard cost $2.15 per pound of clay Dolphin produced 2.500 planters in May, in the month 75.000 pounds of clay were purchased and used at the total cost of $150.000 Read the Requirement 1. Calculate the direct material price variance Begin by determining the formula for the price variance, then compute the price variance for the direct materials (Enter the variance as a pie number. Enter currency as in the formulate the newest cert and then round the final variance amount to the nearest whole dolar Label the variance as favorable For unfavorable (U) Abbreviations Direct materials) Actual Quantity purchased x Actual price Standard price DM price wariance