Direct Materials VariancesTip Top Corp. produces a product that requires

$10$standard$$gallons per unit. The standard price is $$4$

per gallon. If $5,500$ units required $57,200$ gallons, which were

purchased at $$3\mathrm{.}92$ per gallon, what is the direct materials

$($a$)$price variance, $($b$)$quantity variance, and

$($c$)$cost variance? Enter a favorable variance as a negative

number using a minus sign and an unfavorable variance as a positive

number.