Direct Materials VariancesBellingham Company produces a product that requires

$14$standard$$pounds per unit. The standard price is $$11\mathrm{.}5$

per pound. If $5,000$ units used $72,100$ pounds, which were purchased

at $$11\mathrm{.}27$ 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.