Direct Material Variances Actual Cost Standard Cost AQ X AP AQ X SP SQ X SP 77,133 X 15.00 77,133 X 15.00 64,000 X 15.00 $1, 156,995 $1, 156,995 $960,000 $0 $196,995 Favorable/Unfavorable Direct material price variance $0 None Direct material quantity variance $196,995 Unfavorable Total direct material variance $196,995 Unfavorable