Standard Product Cost, Direct Materials Variance Condiments Company uses standards to control its materials costs. Assume that a batch of ketchup \\( (2,900 \\) pounds) has the following standards: Direct Materials Variances The following data relate to the direct materials cost for the production of 2,300 automobile tires: Actual: \\( \\quad 49,200 \\) ibs. at \\( \\$ 1.9 \\) per ib. Standard: \\( \\quad 47,700 \\mathrm{lbs} \\), at \\( \\$ 1,85 \\) per lb. a. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as o positive number. b. The direct materials price variance should normally be reported to the : because of production efficiencies, the variance would be reported to the the purchase of higher-quality raw materials, the variance should be reported to the \\( : \\checkmark \\), If lower amounts of direct materials had been used 1. If the favorable use of raw materials had been caused by b. Determine the direct materials quantity variance for batch \\( K \\) - 111 . If required, round amounts to the nearest cent. Enter a favorable variance as a negative number using a minus sign and ak unfavorable variance as a positive number