Direct Materials Variances

Bellingham Company produces a product that requires 5 standard pounds per unit. The standard price is $8.5 per pound. If 4,400 units required 22,700 pounds, which were purchased at $8.16 per pound, what is the direct materials (a) price variance, (b)quantity variance, and (c) total direct materials 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_____________	$	Favarable or unfavorable
b. Direct materials quantity variance___________	$	Favarable or unfavorable
c. Direct materials cost variance______________	$	Favarable or unfavorable