Direct Materials Variances Bellingham Company produces a product that requires 7 standard pounds per unit. The standard price is $7.5 per pound. If 2,900 units required 20,700 pounds, which were purchased at $7.2 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 Unfavorable $ $ b. Direct materials quantity variance Favorable c. Total direct materials cost variance $ Unfavorable