Ed Co. manufactures two types of O rings, large and small. Both rings use the same material but require different amounts. Standard materials for both are shown. Rubber Connector Large Small 3 feet at $0.20 per foot 1.25 feet at $0.20 per foot 1 at $0.02 1 at $0.02 At the beginning of the month, Ed Co. bought 24,000 feet of rubber for $6,960. The company made 3,000 large O rings and 4,000 small O rings. The company used 14,600 feet of rubber. A. What are the direct materials price variance, the direct materials quantity variance, and the total direct materials cost variance? Enter all amounts as positive numbers. If required round your answers to two decimal places. Direct materials price variance 1,314 Unfavorable Direct materials quantity variance 120 Unfavorable 1,434 Unfavorable Total direct materials cost variance B. If they bought 11,000 connectors costing $230, what would the direct materials price variance be for the connectors? Round your intermediate calculations to three decimal places. Direct materials price variance f X Unfavorable C. If there was an unfavorable direct materials price variance of $120, how much did they pay per foot for the rubber? Round your answer to two decimal places. Actual price Feedback Check My Work A. Divide the total feet of rubber into the cost. Use that amount to compare to the standard per unit amount and multiply the difference feet or rubber used to determine the direct materials price variance. The direct materials quantity variance is the difference between the feet of rubber used and the number of large and small O rings made (after multiplying the price per foom The total direct materials cost variance is the sum of both the price and quantity variances. B. Find the per unit amount for the connectors using the information provided. Multiply the sum of completed O rings (large and small) times the variance of 10,000 connectors per unit amount and standard cost for the connectors to determine the price variance. C. The actual price must be determined. Set the total feet of rubber used times the actual price less total feet of rubber used times the standard cost equal to the unfavorable variance amount. Solve for the actual price (the missing variable)