Direct Materials Variances

The following data relate to the direct materials cost for the production of 1,800 automobile tires:

Actual:	49,500 lbs. at $1.75 per lb.
Standard:	48,000 lbs. at $1.7 per lb.

a. Determine the direct materialsprice variance, direct materialsquantity 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	$
Direct Materials Quantity Variance	$
Total Direct Materials Cost Variance	$