Current Attempt in Progress The Beakins Company manufactures advertising banners using weather-resistant nylon whose standard price is $5 per yard. Each banner includes a standard quantity of 4 yards of nylon. During the month of March, Beakins used 5,000 yards of nylon to produce 1,200 banners. That month, the company purchased 8,000 yards of mylon at a total cost of $29,000. (a) Based on the standard quantity, how many yards of nylon should Beakins have used in March? Nylon used yards (b) Calculate the direct materials price variance for March. (Round answer to O decimal places, e.g. 5,275. If variance is zero, select "Not Applicable" and enter 0 for the amounts.) Direct material price variance $ Favorable Unfavorable (c) Calculate the direct materials quantity variance for March. (If variance is zero, select "Not Applicable" and enter O for the amounts.) Direct material quantity variance eTextbook and Media