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The following data relate to the direct materials cost for the production of 1,900 automobile tires: Actual: 60,800 lb. at $2.05 Standard: 59,600 lb. at

The following data relate to the direct materials cost for the production of 1,900 automobile tires:

Actual: 60,800 lb. at $2.05
Standard: 59,600 lb. at $2.00

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 $fill in the blank 1 FavorableUnfavorableUnfavorable
Quantity variance $fill in the blank 3 FavorableUnfavorableUnfavorable
Total direct materials cost variance $fill in the blank 5 FavorableUnfavorableUnfavorable

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