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The following data relate to the direct materials cost for the production of 1,900 automobile tires: Actual: 48,400 lbs. at $2.00 $96,800 Standard: 49,400 lbs.
The following data relate to the direct materials cost for the production of 1,900 automobile tires: Actual: 48,400 lbs. at $2.00 $96,800 Standard: 49,400 lbs. at $2.05 $101,270 a. Determine the price variance, quantity variance, and total direct materials cost variance. Use the minus sign to enter favorable variances as negative numbers. Price variance: $ Quantity variance: $ Total direct materials cost variance: $
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