Direct Materials Variances Bellingham Company produces a product that requires 15 standard pounds per unit. The standard price is $3 per pound. If 5,400 units used 78,600 pounds, which were purchased at $3.09 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 D. Direct materials quantity variance c. Direct materials cost variance CS Scanned with CamScanner