Bellingham Company produces a product that requires 12 standard pounds per unit. The standard price is $8.5 per pound. If 3,000 units used 34,900 pounds, which were purchased at $8.67 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number