Direct Materials Variances

The following data relate to the direct materials cost for the production of 1,900 automobile tires:

Actual:	52,600 lbs. at $1.7	$89,420
Standard:	51,000 lbs. at $1.65	$84,150

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	$