erials variances Company produces a product that requires 2.3 standard pounds per unit. The standard price is $3.60 per pound. 16,100 units used 35,900 pounds, which were purchased at pound. ation has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. adsheet e direct materials (a) price variance, (b) quantity variance, and (c) cost variance? Round your answers to the nearest dollar. Enter a favorable variance as a negative number mus sign and an unfavorable variance as a positive number. materials price variance $ materials quantity variance $ materials cost variance $ 15 D E A B 1 Direct materials variances 2 3 The following data is provided for Bellingham Company: 4 5 DATA 6 Resources' requirements, standard pounds per un 2.3 7 Resources' standard price, per pound $3.60 8 Units produced 16,100 9 Resources used for production, pounds 35,900 10 Resources' actual price, per pound $3.80 11 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 D15:117. Transfer the numeric results for the green entry cells (C15:C17) into the appropriate fields in CNOWv2 for grading. 12 Amount Formulas 13 14 15 a. Direct materials price variance 16 b. Direct materials quantity variance 17 C. Direct materials cost variance 18 19 20 21