Direct Materials Variances The following data relate to the direct materials cost for the production of 2,000 automobile tires: Actual 58,700 lbs. at $2.00 $117,400 Standard 56,900 lbs. at $2.05 $116,645 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 $ Favorable Variance Quantity variance Unfavorable Variance Total direct materials cost variance Unfavorable Variance b. The direct materials price variance should normally be reported to the Purchasing Department The direct materials quantity variance due to a malfunction of equipment that had not been properly operated should be reported to the production supervisor The total materials cost variance should be reported to the senior plant management