eBook Show Me How Calculator Direct Materials Variances The following data relate to the direct materials cost for the production of 2,400 automobile tires: Actual: 56,400 lbs. at $1.75 per Ib. Standard: 58,100 lbs. at $1.8 per lb. a. Determine the direct materials price variance, direct materials quantity variance, and total direct a negative number using a minus sign and an unfavorable variance as a positive number. Favorable Direct Materials Price Variance Direct Materials Quantity Variance $ Total Direct Materials Cost Variance If lo b. The direct materials price variance should normally be reported to the because of production efficiencies, the variance would be reported to the the purchase of higher-quality raw materials, the variance should be reported to the If the