Direct Materials Variances required Bellingham Company produces a product that requires 6 standard pounds per unit. The standard price is $8 per pound. If 6,300 units required 37,000 pounds, which were purchased at $8.24 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) total direct materials 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) quantity variance, and (el t , b. Direct materials quantity variance c. Total direct materials cost variance Favorable Unfavorable