Direct Material Variances Actual Cost Standard Cost AQ X AP AQ X SP SQ X SP 76,000 X 15.00 76,000 X 15.00 64,000 X 15.00 $1,140,000 $1, 140,000 $960,000 $0 $180,000 Favorable/Unfavorable Direct material price variance $0 None Direct material quantity variance $180,000 Unfavorable Total direct material variance $180,000 Unfavorable