Direct Materials Variances Bellingham Company produces a product that requires nine standard pounds per unit. The standard price is $11 per pound. If 3,900 units used 35,800 pounds, which were purchased at $11.22 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 b. Direct materials quantity variance c. Direct materials cost variance