Direct Materials Variances The following data relate to the direct materials cost for the production of 1,800 automobile tires: Actual: 62,500 lbs. at $1.85 per lb. Standard: 64,400 lbs. at $1.9 per 1b. 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 Direct Materials Quantity Variance Total Direct Materials Cost Variance If lower amounts of direct materials had