Direct Materials Variances The following data relate to the direct materials cost for the production of 2,200 automobile tires: Actual: 53,200 lbs. at $1.85 per lb. Standard: 54,800 lbs. at $1.80 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 Favorable Direct Materials Quantity Variance Total Direct Materials Cost Variance Favorable