KLMN471-ES Problem #1 Bion Actual results for 2016 are presented below: 1. Direct materials purchases were 220,000 pounds of aluminum which cost $1,020,900, 2. Direct materials used were 220,000 pounds of aluminum. 3. Direct labor costs were $575.260 for 58,700 direct labor hours actually worked. 4. Total manufacturing overhead was $352,000. 5. Actual production was 114,000 baseball bats. 6. Standard price per pound was $4 and standard pounds per unit was 1.5 pounds. Instructions: (a) Compute the following variances: 1. Direct materials price. 2. Direct materials quantity. 3. Direct material total variance. DY