Direct Materials Variances The following data relate to the direct materials cost for the production of 1,900 automobile tires: Actual: 60,800 lbs. at $1.9 $115,520 Standard: 59,600 lbs. at $1.85 $110,260 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. Price variance Quantity variance Total direct materials cost variance