Direct Materials Variances The following data relate to the direct materials cost for the production of 2,300 automobile tires: Actual: 57,100lbs. at $1.85 per lb. Standard: 55,400lbs. at $1.90 per Ib. 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. b. The direct materials price variance should normally be reported to the When lower amounts of direct materials are used because of production efficiencies, the variance would be reported to the ! higher-quality raw materials, the variance should be reported to the