Direct Materials Variances Bellingham Company produces a product that requires six standard pounds per unit. The standard price is $4.5 per pound. If 2,200 units used 12,700 pounds, which were purchased at $4.64 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 S Favorable c. Direct materials cost variance $ Favorable