Bellingham Company produces a product that requires 15 standard pounds per unit. The standard price is $10.5 per pound. If 5,400 units used 83,400 pounds, which were purchase at $10.08 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 sigr and an unfavorable variance as a positive number. Bellingham Company produces a product that requires 8 standard direct labor hours per unit at a standard hourly rate of $15.00 per hour. If 4,700 units used 36,800 hours at an hourly rate of $15.45 per hour, what is the direct labor (a) rate variance, (b) time variance, and (c) cost variance? Enter a favorable variance as a negative number using a minus sigr and an unfavorable variance as a positive number. a. Direct labor rate variance $ b. Direct labor time variance c. Direct labor cost variance