Wellingham Company produces a product that requires 10 standard pounds per unit. The standard price is $6 per pound, Ir 5,300 units used 54,600 pounds, which wen urchased at $5.76 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) cost wariance? Enter a favorabie variance as a negative number using a minus sign and an unfavorable variance as a positive number. Fesidece F check wis Untavorable variances can be thought of as increasing costs (a debit). Favorable variances can be thought of as decreasing costs (a credit). Cost variance is the difference between the actual and standard total cost