Te - Students 1-3 Review/Reminder CengageNOWV2 Onlin. Digital Content Southe.. Modules book Show Me How Ofice 365 ELAL.. Direct materiais variances Bellingham Compaty produces a product that requires 2.3 standard pounds per unit. The standard price is $3.35 per poort 16,900 units used 36,900 pounds, which were purchased at 53 55 per pound. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below Open spreadsheet What is the direct materiais (a) price variance, (o) quantity variance, and (c) cost variance? Round your answers to the nearest dollar 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 b. Direct materials quantity variances c. Direct materials cost variance