Direct Materials Variances Bellingham Company produces a product that requires 5 standard pounds per unit. The standard price is $6 per pound. If 4,400 units required 22,900 pounds, which were purchased at $6.24 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 minussion and an unfavorable variance as a positive number. a. Direct materials price variance b. Direct materials quantity variance C Total direct materials cost variance