Direct Materials Variances The following data relate to the direct materials cost for the production of 2,100 automobile tires: Actual: \\( \\quad 48,300 \\mathrm{lbs} \\). at \\( \\$ 1.95 \\) per lb. Standard: \\( \\quad 47,300 \\mathrm{lbs} \\). at \\( \\$ 2 \\) per lb. 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. b. The direct materials price variance should normally be reported to the \\( \\checkmark \\). If lower amounts of direct materials had been used because of production efficiencies, the variance would be reported to the \\( \\checkmark \\). If the favorable use of raw materials had been caused by the purchase of higher-quality raw materials, the variance should be reported to the \\( \\checkmark \\). Standard Product Cost Sana Rosa Company manufactures unfinished home furniture. Sana Rosa uses a standard cost system. The direct labor, direct materials, and factory overhead standards for an unfinished dining room table are as follows: a. Determine the standard cost per dining room table. If required, round your answer to two decimal places. \\( \\$ \\quad \\) per table b. A standard cost system provides Sana Rosa management a cost control tool using the principle of \\( \\checkmark \\). Using this principle, cost deviations from standards can be investigated and corrected