Direct Materials Variances

Bellingham Company produces a product that requires 15 standard pounds per unit. The standard price is $7 per pound. If 3,100 units used 44,600 pounds, which were purchased at $7.21 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	?	Favorable
c. Direct materials cost variance	?	Favorable