Direct Materials Variances The following data relate to the direct materials cost for the production of 2,200 automobile tires: Actual: 61,500 lbs. at $1.95 per Ib. Standard: 62,700 lbs. at $1.9 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 Unfavorable Direct Materials Quantity Variance Favorable Total Direct Materials Cost Variance $ Unfavorable