Book Show Me How Calculator Direct Materials Variances The following data relate to the direct materials cost for the production of 2.300 automobile tires: Actual: 40,300 lbs. at $1.9 per lb. Standard: 49.300 a $1.35 per lb a. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number Direct Materials Price Variance Direct Materials Quantity Variance Total Direct Materials Cost Variance b. The direct material price variance should normally be reported to the When lower amounts of direct materials are used because of production efficiencies, the variance would be reported to the When the favorable use of raw material is caused by the purchase of higher quality raw materials, the variance should be reported to the