Q6: Tally Forth reports the direct materials standard as 3 lbs per unit at $5.5 per lb. Which is $16.5 per finished unit. \begin{tabular}{|rl|} \hline Direct materials Purchased: & 320,300 lbs of material \\ \hline Direct materials Used: & 319,386 lbs of material \\ \hline Actual units produced: & 106,400 units \\ \hline \end{tabular} SHOW and LABEL ALL CALCUALTIONS BELOW a. Calculate the Direct Material Price Variance Actual Direct Material Cost Flex Budget Material Cost (purchased) DM Price Varlance = b. Calculate the Direct Material Usage (or Quanitity) Variances