This Question: 3 pts 9 of 32 (9 complete) This Test: 36 pts possible Question Help Clark Products manufactures 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 4 pounds. Clark Products uses a standard cost of $2.00 per pound for the resin. The company produced 4.125 boulders in June. In that month, 16,000 pounds of resin were purchased at a total cost of $36,000. A total of 15.750 pounds were used in producing the boulders in June Read the requirements 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 number Round your final answer to the nearest whole dollar Label the variance as favorable (F) or unfavorable (U)) The direct material price variance is Requirement 2. Calculate the direct material quantity variance, Determine the formula for the quantity variance, then compute the quantity variance for the direct materials 0 Requirements X answer to the nearest whole dollar. Label the variance as favorable (F) or unfavorable (U)) The direct material quantity variance is 1. Calculate the direct material price variance 2. Calculate the direct material quantity variance n Choose from any list or enter any number in the input fields and then continue to the next question Print Done