Direct materials variances E13-20 The following data relate to the direct materials cost for the production of 20,000 automo- bile tires: Actual: 80,000 lbs. at $2.65 $212,000 Standard: 86,000 lbs. at $2.50 $215,000 a. Determine the price variance, quantity variance, and total direct materials cost variance. b. To whom should the variances be reported for analysis and control