Direct materials variances Beltingham Company produces a product that requires 2.3 standard pounds per unit. The standard price is $3.20 per pound. 16,200 units used 36,900 pe This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the Open spreadsheet What is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? Round vour answers to the nearest dollar. Enter a favorable number, reneck Mr wook Unfavorable variances can be thought of as increasing costs (a debe) Favorable variances can be thought of as decreasing costs (a credit) Cost variance is the diference between the actual and standard total cost. ts per unit. The standard price is $3.20 per pound. 16,200 units used 36,900 pounds, which were purchased at $3,35 per pound. the spreadsheet, perform the required analysis, and input your answers in the questions below. (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 ble varances can bo thought of as decreasing costs (a credit). Direct materials variances The following data is provided for Bellingham Company Using formulas and cell references, perform the required analysis, and input your answers into the green cells in the Amount column. Select the corresponding type of variance in the dropdowns in cells D15. D17. Transfer the numeric results for the green entry cells (C15C17) into the appropriate fields in CNOWv2 for grading