Direct Materials Variances

The following data relate to the direct materials cost for the production of 2,200 automobile tires:

Actual:	54,000 lb. at $1.90
Standard:	55,600 lb. at $1.95

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	$