eBook Show Me How Direct Materials Variances Bellingham Company produces a product that requires 16 standard pounds per unit. The standard price is $9.5 per pound. If 3,300 units used 53,900 pounds, which were purchased at $9.12 per pound, what is the direct materials (a) price variance, (b) quantity vanance, and (c) cost variance? Enter a favorable variance as a negative number usin 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