irect material Price Variance is (AQ* AP)(AQSP) or (AP - SP)AQ. A company developed the following per-unit standard for its roduct: direct materials at $6 per pound. Last month, 2,000 pouhds of direct materials were actually purchased for $11,400. Calculate he direct materials price variance for last month. Please show work. Direct material Quantity Variance is ( AQSP) - (SQ * SP) or (AQ - SQ)SP. The per-unit standards for direct materials are 2 gallons at $4 per gallon. Last month, 11,200 gallons of direct materials was actually used to produce 6,000 units of product. Calculate the direct materials usage variance for last month. Please show work