Direct Materials Variances De Soto Inc. produces tablet computers. The company uses Thin Film Crystal (TFC) LCD displays for its products, Each tablet uses one display. The company produced 770 tablets during July. However, due to LCD defects, the company actually used 800 LCD displays during July. Each display has a standard cost of $12.50. Eight hundred LCD displays were purchased for July production at a cost of $9,400. Determine the price variance, quantity variance, and total direct materials cost variance for July. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. OV Favorable Price variance Quantity variance Total direct materials cost variance Unfavorable Favorable de Feedback M Standard Direct Materials Cost per Unit from Variance Data The following data relating to direct materials cost for October of the current year are taken from the records of Good Clean Fun Inc., a manufacturer of organic toys: Quantity of direct materials used 6,900 lbs. Actual unit price of direct materials $3.10 per lb. Units of finished product manufactured 1,655 units Standard direct materials per unit of finished product 4 lbs. Direct materials quantity variance-unfavorable $896 Direct materials price variance-favorable $690 Determine the standard direct materials cost per unit of finished product, assuming that there was no inventory of