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 compar 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 $$12\mathrm{.}50.$ Eight hundred LCD displays were purchased for July production at a cost of $$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.

Price variance

Quantity variance

Total direct materials cost variance

$

$

$