Direct Materials Variances Bellingham Company produces a product that requires 12 standard pounds per unit. The standard price is $10.5 per pound. If 3,500 units required 42,800 pounds, which were purchased at $10.18 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 Favorable b. Direct materials quantity variance Unfavorable c. Total direct materials cost variance Favorable