What is the direct materials (a) price variance, (b) 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	$ fill in the blank 2	FavorableUnfavorable
b. Direct materials quantity variance	$ fill in the blank 4	FavorableUnfavorable
c. Direct materials cost variance	$ fill in the blank 6	FavorableUnfavorable

DATA
Resources' requirements, standard pounds per unit		2.3
Resources' standard price, per pound		$3.35
Units produced		16,700
Resources used for production, pounds		36,900
Resources' actual price, per pound		$3.55
Using formulas and cell references, perform the required analysis, and input your answers into the green cells in the Amount column. Select the corresponding type of variance in the dropdowns in cells D15:D17. Transfer the numeric results for the green entry cells (C15:C17) into the appropriate fields in CNOWv2 for grading.
		Amount		Formulas
a.	Direct materials price variance
b.	Direct materials quantity variance
c.	Direct materials cost variance