Actual production costs for the production of 1,000 stuffed bears required 1,750 pounds of stuffing at a cost of $1.95 per pound and 1,950 labor hours at $15.25 per hour. Required: If required, round your answers to the nearest cent. Enter all amounts as positive numbers. A. Calculate the direct material price variance. $ SelectFavorableUnfavorableItem 2 B. Calculate the direct material usage variance. $ SelectFavorableUnfavorableItem 4 Solution A) Direct material price variance = AQ ( AP -SP) = 1750 (1.95 - 2 ) = 1750 * - .05 = 87.50 (F ) B)Direct material usage variance = SR (AQ - SQ for actual production) = 2 [1750 - ( 1000*1.5) ] = 2 [ 1750 - 1500] = 2 * 250 = 500 (Unfavorable ) .