Direct Materials Variances The following data relate to the direct materials cost for the production of 20,000 automobile tires: Actual: 80,000 lbs. at $2.65 86,000 lbs. at $2.50 $212,000 $215,000 Standard: a. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. Enter favorable variances as negative numbers. Enter unfavorable variances as positive numbers. Price variance Quantity variance Total direct materials cost variance b. The direct materials price variance should normally be reported to the malfunction of equipment that had not been properly operated should be reported to the should be reported to the The direct materials quantity variance due to a The total materials cost variance