irect Materials Variances

Bellingham Company produces a product that requires five standard pounds per unit. The standard price is $11 per pound. If 3,000 units used 15,300 pounds, which were purchased at $10.67 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.

a. Direct materials price variance	$fill in the blank 1	FavorableUnfavorable
b. Direct materials quantity variance	$fill in the blank 3	FavorableUnfavorable
c. Direct materials cost variance	$fill in the blank 5	FavorableUnfavorable