Please answer both questions, please do not respond to the question and only answer 1. Thank you and I will make sure to upvote.

Direct Materials Variances Bellingham Company produces a product that requires five standard pounds per unit. The standard price is $5 per pound. If 5,400 units used 26,500 pounds, which were purchased at $5.2 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 5,300 Unfavorable b. Direct materials quantity variance $ c. Direct materials cost variance $ Feedback Direct Labor Variances Bellingham Company produces a product that requires 10 standard direct labor hours per unit at a standard hourly rate of $9.00 per hour. If 4,100 units used 41,800 hours at an hourly rate of $8.64 per hour, what is the direct labor (a) rate variance, (b) time 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 labor rate variance Favorable b. Direct labor time variance $ Unfavorable c. Direct labor cost variance $ Favorable