yes, here is also something that should be know about calculating the DM price variance

Special Rule For Materials Price Variance
In the foregoing example, we assumed that the firm bought the same amount of Direct
Materials that it used in the production process. If we buy an amount of Direct Materials
that is different from the amount used, then, contrary to the suggestion made in your
book, most firms calculate the Material Price Variance using the Actual Quantity
purchased rather than the Actual Quantity used.
There are two reasons for using the amount purchased in the calculation of the
Materials Price Variance:
· First, if the Actual Quantity used is included in the calculation, then there would
be a delay in the evaluation of the material buyer’s job performance. The job
performance occurs when materials are purchased. The evaluation occurs when
the variance is calculated. Depending on the firm, the time between the
purchase of materials and their use in the production process could be lengthy.
Most firms want timely performance evaluations, and calculating the variance at

here is last tip about variances

Typically, the materials price variance is based on units
> purchased;
> however, if the question specifically asks for the
> materials price
> variance for units USED, pay attention and calculate that