Direct Materials Variances Bellingham Company produces a product that requires eight standard pounds per unit. The standard price is $6 per pound. If 5,000 units used 40,800 pounds, which were purchased at $6.24 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 9,792 Unfavorable Unfavorable b. Direct materials quantity variance 4,800 c. Direct materials cost variance 4,800 X Unfavorable