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
(a) Determine the price variance, quantity variance, and total direct materials cost variance.
(b) To whom should the variances be reported for analysis and control?