The following data relate to the direct materials cost for the production of 4,000 automobile tires: Actual:

Question:

The following data relate to the direct materials cost for the production of 4,000 automobile tires:
Actual: 130,240 pounds at $1.65 ... $214,896
Standard: 128,760 pounds at $1.85 .. $238,206

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?