Direct materials variances \\ Bellingham Company produces a product that require 2.3 standard pounds per unit. Th 35,800 pounds, which were purchased at $3.45 per pou d. e standard price is $3.25 per pound. 16,100 units used This information has been collected in the Microsoft Excel Online le. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet What is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? Round your answers to the nearest dollar. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. a. Direct materials price variance $ Unfavorable ' v' b. Direct materials quantity variance $ Favorable V V c. Direct materials cost variance $. Unfavorable ' V/ F eedback V Check My Work Unfavorable variances can be thought of as increasing costs (a debit). Favorable variances can be thought of as decreasing costs (a credit). Cost variance is the difference between the actual and standard total cost. All work saved. m Save and Exit Submit Assignment for Grading