Direct Materials Variances The following data relate to the direct materials cost for the production of 50,000 automobile tires: Actual: per lo 725.000 lbs. at $3.00 730,000 lbs. at $2.95 per Standard: 1b. 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 variance as a positive number. Direct Materials Price Variance Sfill in the blank 1 Direct Materials Quantity Variance Sfill in the blanks Total Direct Materials Cost Variance Sfill in the blank