B C D E F G 106 Q6: Tally Forth reports the direct materials standard as 2.1 lbs per unit at $3.5 per lb, which is $7.35 per finished unit. 107 Direct materials Purchased: 232,400 lbs of material $3.10 cost per lb $720,440 total cost 108 Direct materials Used: 231,759 lbs of material 109 Actual units produced: 110,300 units 110 111 SHOW and LABEL ALL CALCUALTIONS BELOW 112 a. Calculate the Direct Material Price Variance 113 114 Actual Direct Material Cost Flex Budget Material Cost (purchased) 115 116 117 118 DM Price Variance = 119 120 b. Calculate the Direct Material Usage (or Quanitity) Variances 121 122 Flex Budget Material Cost (used) Std Direct Material Cost 123 124 125 126 DM Usage Variance = 127 128 c. Explain what these variances tell you about Tally Forth. 129 130 131