1) Lavoie Company planned to use 18,500 pounds of material costing $2.50 per pound to make 4,000 units of its product. In actually making 4,000 units, the company used 18,800 pounds that cost $2.54 per pound. Calculate the direct materials price variance. Material Price Variance AQ * AC Material cost variance AQ * SC Total Variance SQ * SC Material usage(efficiency) variance 2) Lavoie Company planned to use 18,500 pounds of material costing $2.50 per pound to make 4,000 units of its product. In actually making 4,000 units, the company used 18,800 pounds that cost $2.54 per pound. Calculate the direct materials quantity variance. Material Price Variance AQ * AC Material cost variance AQ * SC Total Variance SQ * SC Material usage(efficiency) variance