The following data relate to the direct materials cost for the production of 2,400 automobile tires:

Actual: 53,500 lb. at $2.00

Standard: 55,100 lb. at $2.05

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 a positive number.

Price variance $?

Quantity variance $?

Total direct materials cost variance $?