Direct materials variances Bellingham Company preduces a product that requires 2.3 standard pounds per unit. The standard price is $3.60 per pound. 15,900 units used 36,000 pounds, which. were purchased at 53.80 per pound. Thit information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the roquired anatysis, and input your answers in the questions belor Open spreadsheet What is the direct materials (o) price variance, (b) euantity variance, and (c) cost vartance? Round your answers to the nearest dollar. Enter a fovorabie variance as a negative number using a minus sign and an unfavorable variance as a positive number