Direct Materials Variances Bellingham Company produces a product that requires 14 standard pounds per unit. The standard price is $4 per pound. If 4,200 units used 57,600 pounds, which were purchased at $4.2 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 11,520 Unfavorable b. Direct materials quantity variance 4,800 Unfavorable c. Direct materials cost variance Unfavorable