Direct Materials Variances The following data relate to the direct materials cost for the production of 2,500 automobile tires: Actual: 53,500 lbs. at $1.85 per lb. Standard: 55,100 lbs. at $1.8 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 $ 2,675 Unfavorable Direct Materials Quantity Variance $ Favorable Total Direct Materials Cost Variance $ Favorable