Direct Materials Variances

Bellingham Company produces a product that requires 12 standard pounds per unit. The standard price is $9 per pound. If 6,200 units required 77,400 pounds, which were purchased at $8.82 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	$	Favorable