Direct Materials Variances Bellingham Company produces a product that requires 12 standard pounds per unit. The standard price is $4 per pound. If 3,300 units used 38,400 pounds, which were purchased at $4.16 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 $ 18,411 x Unfavorable b. Direct materials quantity variance $ 13,300 x Favorable c. Direct materials cost variance 5,111 X Unfavorable Feedback