Direct materials variances Bellingham Company produces a product that requires 2,3 standard pounds per unit. The standard price is $3,20 per pound, 16,300 units used 37,000 pounds, which were purchased at $3.35 per pound. This information has been collected in the Microsoft Excel Ontine file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below Open spreadsheet What is the direct daterials (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 unfovorable variance as a positive number