Bellingham Company produces a product that requires 2.3 standard pounds per unit. The standard price is $3.40 per pound. 15,900 units used 36,000 pounds, which were purchased at $3.55 per pound. What is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? Round your answers to the nearest dollar. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. a. Direct materials price variance b. Direct materials quantity variance c. Direct materials cost variance