Direct Materials Variances

The following data relate to the direct materials cost for the production of $2,100$ automobile tires:

Actual: $,50,600lbs.$ at $$2\mathrm{.}05$ per $lb.$

Standard: $,49,100lbs,$ at $$2\mathrm{.}10$ 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.

Direct Materials Price Variance

Direct Materials Quantity Variance

Total Direct Materials Cost Variance

$

$

$

b$.$ The direct materials price variance should normally be reported to the $$ When lower amounts of direct materials are used because of production efficiencies, the variance would be reported to the materials, the variance should be reported to the