Scott Landscaping produces faux boulders to be used in various landscaping applications. A special resin is used to make the boulders. The standard quantity of resin used for each boulder is 5 pounds. Scott uses a standard cost of $ 2.00 per pound for the resin. The company produced 3,800 boulders in June. In that month, 18,400 pounds of resin were purchased at a total cost of $46,000. A total of 18,250 pounds were used in producing the boulders in June.

produces faux boulders to be used in various landscaping applications A special resin is used to make the boulders The andand quartry of resin used for esch bouder is 5 pouid Scot uses pounvds of resin were purthased at a total cost of $46,000. A total of 18 250 pounds were used in producing the boulders in Jne Question Hmp * 18 400 standard covt o$200 pe pound for the resin The company groduced 3,800 bquiders in Ane In that monh 1. 2. Calculate the direct material price variance Calcullabe the direct material quantity variance Requirement 1. Calculae the direct material price vanance. Begin by detormining the formula for the price vaniance, then c untavorable (U) Abbreviations used DM Dreet materials) ompute the price variance for the diroct materials. (Emter the variance asa Enter cumancy amounts in the fomedla to the mearest cent and then round the final variance amount to the nearest whole dallae Label the variance as favorabie (F) or DM price variace