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Direct Materials Variances Alvarado Company produces a product that requires 1 2 standard pounds per unit. The standard price is $ 4 . 5 0

Direct Materials Variances
Alvarado Company produces a product that requires 12 standard pounds per unit. The standard price is $4.50 per pound. If 3,000 units used 37,400 pounds, which were purchased at $4.32 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 anfavorable variance as a positive number.
a. Direct materials price variance :
b. Direct materials quantity variance $
c. Direct materials cost variance
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