Direct materials variances

Bellingham Company produces a product that requires 2.3 standard pounds per unit. The standard price is $3.25 per pound. 16,100 units used 36,200 pounds, which were purchased at $3.40 per pound.

What is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? Round your answers to the nearest dollar. 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
c. Direct materials cost variance