Direct Materials Variances

Bellingham Company produces a product that requires seven standard pounds per unit. The standard price is $3 per pound. If 6,100 units used 44,000 pounds, which were purchased at $2.85 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	$________	Favorable
b. Direct materials quantity variance	$________	Unfavorable
c. Direct materials cost variance	$________	Favorable