Direct Materials Variances Bellingham Company produces a product that requires 14 standard pounds per unit. The standard price is $10.5 per pound. If 5,200 units required 74,300 pounds, which were purchased at $9.97 per pound, what is the direct materials () price variance, (b) quantity variance, and (c) total direct materials com 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