Print Direct Materials and Direct Labor, Variance Analysis Route 66 Tire Co manufactures automobile tires Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 7.200 tires are as follos Standard Couts Actual Costs Direct materials 9,400 lbs. at $5.00 9.300 lbs at $4.80 Direct labor 1.800 hrs at $17.30 1,840 hrs. at $17.60 Required: 3. Determine the price walance, quantity variance, and total direct materials cost vhance Enter a favorable variance as a negative amount, and an unfavorable variance as a positive amount . Price variance Quantity variance Tots direct materials cost variance b. Determine the rate variance, time variance, and total direct labor cost variance Enter a favorable variance as a negative amount, and an unfavorable variance as a positive amount Rate variance Time variance Total direct labor cost varlance