Nelson 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 5 pounds. nelson products uses a standard cost of $ 1.25 per pound for the resin. the company produced 3 comma 500 boulders in june. in that month, 16 comma 000 pounds of resin were purchased at a total cost of $ 24 comma 000. a total of 15 comma 800 pounds were used in producing the boulders in june. 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