Direct Materials Variances Bellingham Company produces a product that requires 5 standard pounds per unit. The standard price is $8.5 per pound. If 2,400 units required 12,500 pounds, which were purchased at $8.07 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 5,375 X Unfavorable X b. Direct materials quantity variance -4,250 x Favorable X c. Total direct materials cost variance 1,125 X Favorable