Direct Materials Variances Bellingham Company produces a product that requires 14 standard pounds per unit. The standard price is $9.5 per pound. If 5,600 units used 81,500 pounds, which were purchased at $9.88 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 III Unfavorable c. Direct materials cost variance Unfavorable