Direct Materials Variances Bellingham Company produces a product that requires 15 standard pounds per unit. The standard price is $5 per pound. If 6,100 units used 87,800 pounds, which were purchased at $5.15 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 $ Unfavorable b. Direct materials quantity variance $ Unfavorable c. Direct materials cost variance $ Unfavorable