Direct Materials Variances

Bellingham Company produces a product that requires 14 standard pounds per unit. The standard price is $3.5 per pound. If 4,200 units used 60,000 pounds, which were purchased at $3.61 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	$fill in the blank 1	Unfavorable
b. Direct materials quantity variance	$fill in the blank 3	Unfavorable
c. Direct materials cost variance	$fill in the blank 5	Unfavorable