Please do not give solution in image format thanku Direct Materials VariancesThe following data relate to the direct materials cost for the production of automobile tires:Actual: 57,300 lbs. at $1.90 per lb.Standard: 59,000 lbs. at $1.95 per ib.a. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. Enter a favorable variance as a negativenumber using a minus sign and an unfavorable variance as a positive number.Direct Materials Price VarianceDirect Materials Quantity VarianceTotal Direct Materials Cost Variance006FeedbackFavorable ✓Favorable✓Favorableb. The direct materials price variance should normally be reported to the Purchasing Departmentof production efficiencies, the variance would be reported to the Production Supervisorhigher-quality raw materials, the variance should be reported to the Purchasing Department V.✔. When lower amounts of direct materials are used becauseV. When the favorable use of raw materials is caused by the purchase ofCheck My WorkUnfavorable variances can be thought of as increasing costs (a debit). Favorable variances can be thought of as decreasing costs (a credit).The direct material cost variance is the difference between the actual and standard material cost per quantity manufactured.

Name: Please do not give solution in image format thanku Direct Materials Va
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Description: Please do not give solution in image format thanku Direct Materials VariancesThe following data relate to the direct materials cost for the production of automobile tires:Actual: 57,300 lbs. at $1.90 per lb.Standard: 59,000 lbs. at $1.95 per ib.a. De

The variance is the difference between the actual and standard production data. The variance can be…

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Direct Materials Variances The following data relate to the direct materials cost for the production of automobile tires: Actual: 57,300 lbs. at $1.90 per ib. Standard: 59,000 lbs. at $1.95 per ib. 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. Direct Materials Price Variance Direct Materials Quantity Variance Total Direct Materials Cost Variance OUG Favorable Favorable Favorable