Direct Materials Variances Alvarado Company produces a product that requires 2.3 stancand pounds per unit, The standard price is 53.60 per pound, 16,000 units used 35,000 pounds, which were purchesed at $3:80 per pound. This informabion has been coliected in the Microselt Excel Online file. Open the spreadsheel, perform the required analyals, and input your answeis in the quethons below. Open spreadsheet: What is the direct matenals (a) price variance, (b) quantir wariance, and (c) cost variance? Round your answers to the nearest dollar. Enter a favorable variance an a negative number using a mimus sign and an unfavorable variance as a positive numbet