Direct Materials Variances Bellingham Company produces a product that requires eight standard pounds per unit. The standard price is $3 per pound. If 2,300 units used 19,100 pounds, which were purchased at $2.88 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) cost vanance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number Direct materials price variance b. Direct materials quantity variance e. Direct materials cost variance Belogham Company produces a product that requires eight standard pounds per unit. The standard price is $3 per pound. If 2.300 units used 19,100 pounds, which were purchased at $2.88 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 e. Direct materials cost variance Favorable Unfavorable