obj.5 a. Price variance, $12,000 U E13-20 Direct materials variances The following data relate to the direct materials cost for the production of 20,000 automo- bile tires: Actual: 80,000 lbs. at $2.65 212.000 Standard: 86,000 lbs. at $2.50 $215,000 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