The following data relate to the direct materials cost for the production of 1,800 automobile tires:

Actual:	59,800 lb. at $1.90
Standard:	61,600 lb. at $1.85

a. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.

Price variance	$fill in the blank 1	Unfavorable
Quantity variance	$fill in the blank 3	Favorable
Total direct materials cost variance	$fill in the blank 5	Favorable

Answer rating: 100% (QA)

Price variance 2990 Unf... View the full answer