Verrado company produces a product that requires 10 standard pounds per unit. The standard price is $6.50 per pound. Is 6000 units is used 58,200 pounds, which were purchased at $6.83 per pound, what is the direct materials (a), price varience (b), and (c) cost varience? A favorable variance of a negative number, using a -and an unfavorable variance as a positive number.

Direct Materials Variances Alvarado Company produces a product that requires 10 standard pounds per unit. The standard price is 56.50 per pound. If 6,000 units used 58,200 pounds, which were purchased at $6.83 per pound, what is the direct materials (a) price variance, (b) cuantity varlance, and (c) cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number