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Allan Products manufactures faux boulders to be used in various landscaping applications. A special resin is...

Allan 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 2 pounds. Allan Products uses a standard cost of $1.50 per pound for the resin. The company produced 6,750 boulders in June. In that​ month, 12,500pounds of resin were purchased at a total cost of $22,000. A total of 12,250 pounds were used in producing the boulders in June.

1.

Calculate the direct material price variance.

2.

Calculate the direct material quantity variance.
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