taylor products manufacturer faux boulders to be used in various landscaping applications. a special resin is used to make the boulders. the standsrd quantity of resin used for each boulder is 2 pounds. taylor products uses a standsrd cost of $1.50 per pound for the resin. the company produced 6750 boulders in june. in that month 12500 pounds of resin were purchased at a total cost of $22000. a total of 12250 pounds were used in producing the boulders in june.

i dont lnow the bottom formula for DIRECT MATERIAl quantity variance

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 positive nur to the nearest whole dollar Label the variance as favorable (F) or unfavorablo (U). Abbreviations used: OM = Direct materials) Actual quantity purchased Standard price Actual price 1 - DM price variance 12.500 * $ 1.50 1.76 > * $ 3.250 Requirement 2. Calculate the direct material quantity variance Determine the formula for the quantity variance, then compute the quantity variance for the direct materials. (Enter the variance as a positive number. E nearest whole dollar Label the variance as favorable (F) or unfavorable (U).) X Standard quantity allowed Actual quantity purchased DM quantity variance 1.50 * 13500 12250 1950 F pound for the resin. The company produced 6,150 boulders in June. In that month, 12.30 pounds or res were purchased at a total cost o Read the requirements Requirement 1. Calculate the direct material price vanance. Begin by determining the formula for the price variance, then compute the price variance for the direct materials. (Enter the variance as a pos to the nearest whole dollar Label the variance as favorable (F) or unfavorable (U) Abbreviations used: DM = Direct materials) Actual quantity purchased X Standard price Actual price ) = DM price variance 12,500 1.76 - $ 3,250 1.50 Requirement 2. Calculate the direct material quantity variance Determine the formula for the quantity variance, then compute the quantity variance for the direct materials. (Enter the variance as a positiven nearest Whole dollar. Label the variance as favorable (F) or unfavorable (0) Standard quantity allowed Actual quantity purchased DM quantity variance 13500 12250 1950 Actual hours Actual price Actual quantity purchased Actual quantity used Standard hours allowed Standard price Standard quantity slowed Choose from any list or enter any number in the input fields and then click Check