The following data relate to the direct materials cost for the production of 2,300 automobile tires:

Actual:58,700 lbs. at $1.9 per lb.

Standard:57,500 lbs. at $1.85 per lb.

a.Determine the direct materialsprice variance, direct materialsquantity variance, and total direct materialscost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.

Direct Materials Price Variance = $

Direct Materials Quantity Variance = $

Total Direct Materials Cost Variance = $