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Determine the direct materials price variance

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Question - The following data relate to the direct materials cost for the production of 2,000 automobile tires:

Actual: 54,600 LBs. at $1.80 $98,280

Standard: 53,400 LBs. at $1.85 $98,790

Determine the direct materials price variance, direct materials 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:

Reference no: EM131785379

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