Direct Materials Variances

Bellingham Company produces a product that requires 11 standard pounds per unit. The standard price is $9.5 per pound. If 5,300 units used 59,500 pounds, which were purchased at $9.02 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 an unfavorable variance as a positive number.

a. Direct materials price variance	$
b. Direct materials quantity variance	$
c. Direct materials cost variance	$