Direct Material Variances Belingham Company produces a product that requires nine standard pounds per unit. The standard price is per pound. 174,900 units used 43,200 pounds, which were purchased at $8.32 per pound, what is the direct materials (a) price variance, (b) untity variance, and (c) cost warance Enter a favorable variance as a negative number using a minus in and an unfavorable variance as a positive number a. Direct material price variance b. Direct matras quantity wariance Direct cost wariance Submit Test for Grading 6 OLTOO AO SW R TY Direct Labor Cost Budget Pasadena Candle Inc. budgeted production of 48,000 candies for the year. Each candle requires molding. Assume that 12 minutes are required to mold each candle. If molding labor costs $12 per hour, determine the direct labor cost budget for the year. Round hourly rate to nearest cent, if required. Pasadena Candle Inc. Direct Labor Cost Budget For the Year Ending December 31 Hours required for assembly: Candles Convert minutes to hours Molding hours Hourly rate Total direct labor cost Previous Submit Test for Grading 7 8 9 0 - R I Y U | | 0 P G H J