Direct Moterials Variances The following data relate to the direct materials cost for the production of automobile tires: Actual: 50,60010 si at $1.70 per lb. Standard: 51,600 lbs. at $1,75 per lb. 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 untavorable variance as a gositivo ntimhar Q. He direct materals price varlance should normally be reported to the Purchasing Degartment = of production efficiencies, the variance would be reported to the P higher-quality raw materials, the variance should be reported to the Fercobask Corpus Ciristi Bicycle Company manufactures commuter bicydes from recycled msterials, Corpus Christi Bicycie Company records standard costs in ies acosunte. The: following date for March are avollable: 3. Determine for March the diroct iabor rate variance, direct labor time valiance, and total direct labor cost variance. Enter a faveratie varianon as a negative number using a minus sign and an unfavarable variance as a postive number. b. How much direct labor should be dobited to Work in Process? Direct Materiais and Direct Labor Variances At the beginning of April, Winsiow Toy Company budgeted 25,000 toy action figures to be manufactured in April af standard direct materiais and direct labor costs as fotlews: The standard materials price is $0.60 per pound. The standard direct labor rote is $9.00 per hour. At the end of April, the actual direct materials and direct labor costs. were as follows: There were no direct maberials price or direct fabor rate variances for April. In addition, assume no chonges in the direct materials inventory balances in Apni. Winglow Toy Company actually produced 22,000 units during April. Determine the direct materials cuantity and direct laber time variances. Round your per unit computations to two decimal places and round your answers to the nearest doliar, if required. Enter a faverable variance as a negative number usina a minue sign and an unfeworabie wriance os a positive nomber