Direct materials variances

Bellingham Company produces a product that requires 2.5 standard pounds per unit. The standard price is $3.70 per pound. 15,300 units used 36,900 pounds, which were purchased at $3.85 per pound.

Resources' requirements standard pounds per un 2.5, Resources' standard price per pound $3.70, Units produced 15,300, Resources used for production pounds 36,900, and resources' actual price per pound $3.85.

What is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? Round your answers to the nearest dollar. 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. Direct materials cost variance	$ ____	Unfavorable