Direct Materials Variances Bellingham Company produces a product that requires 8 standard pounds per unit. The standard price is $3 per pound. If 6,300 units required 51,900 pounds, which were purchased at $2.85 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 S b. Direct materials quantity variance $ C. Total direct materials cost variance $