Direct Materials Variances Alexander the Great Incorporated produces Greek statues for at Alexander the Great Incorporated established that the standard tree makes a statue was 1.5 pounds of material at $2.25 per pound. During the month Alexander used 1,000 pounds of materials at an actual cost of $2.15 per pound to make 990 statues. Compute the following variances: direct materials price variance direct materials quantity variance total direct materials variance