Pharoah Industries uses a standard cost system in which direct material is carried at standard cost. Pharoah has established the following standards for one unit of product: standard quantity of 7 pounds, standard price $1.80 per pound. During January, Pharoah purchased 168,500 pounds of direct material at a cost of $321,000 and used 151,000 pounds in production of 20,400 units. Calculate the direct materials price variance and indicate whether the variance is favorable or unfavorable. Direct materials price variance $ Carla Vista Industries uses a standard cost system in which direct material is carried at standard cost. Carla Vista has established the following standards: standard quantity of 10 pounds per unit, standard price $1.80 per pound. During January, Carla Vista purchased 170,000 pounds of direct material at a cost of $324,000 and used 199,500 pounds in production of 20,700 units. Calculate the direct materials quantity variance and indicate whether the variance is favorable or unfavorable. Direct materials quantity variance $ The following information is available for Coronado's Chocolates: (a) Calculate the direct materials price and quantity variances. Direct material price variance $ Direct material quantity variance $