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Direct Materials Variances The following data relate to the direct muterlals cost for the production of 2,500 automobile tires: Actual: ( quad 50,900 mathrm{lbs} ),

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Direct Materials Variances The following data relate to the direct muterlals cost for the production of 2,500 automobile tires: Actual: \\( \\quad 50,900 \\mathrm{lbs} \\), at 51.7 per ib. Standard: \\( 49,900 \\mathrm{lbs} \\), at 51.65 per ib. a. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable varlance as a positive number. b. The direct materials price variance should normally be reported to the because of production efficiencies, the variance would be reported to the Durchase of higher-quality raw materials, the variance should be reported to the [ \\( \\checkmark \\). If lower amounts of direct materials had been used 1. If the favorable use of raw materials had been caused by th 1. If the favorable use of raw materials had been caused by th \\( \\checkmark \\)

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