$10.$ Determine and interpret the direct materials price and quantity variances for the three materials. For those boxes in which you must enter subtractive or negative numbers use a minus sign. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Round your price values for Cream Base to three decimal places and Natural Oils & Bottles to two decimal places.

Direct Materials Price VarianceCream BaseNatural OilsBottlesActual price $$

Standard price $$

Difference

Actual quantity $$

ozs. $$

ozs. $$

btls$.$Direct materials price variance

F $$

U $$

F $$

Direct Materials Quantity VarianceCream BaseNatural OilsBottlesActual quantity $$

ozs. $$

ozs. $$

btls$.$Standard quantity $$

ozs. $$

ozs. $$

btls$.$Difference

ozs. $$

ozs. $$

btls$.$Standard price $$

Direct materials quantity variance

F $$

U $$

F $$

The fluctuation in $$caused the direct material price variances. All the Direct material quantity variances were $$indicating $.$