X + 51 Problem Set Module Fivex CONOW2 Online teacher X ssignment/takeAssignmentMain doinvoker takeAssignmentSession Locator Binprogress-false Listening is everythi Pumpkin Coffee Ca Hedg eBook Show Me How Office 365 Direct materials variances Bellingham Company produces a product that requires 2.3 standard pounds per unit. The standard price is $3.70 per pound, 16,500 units used 36,700 pounds, which were purchased at $3.85 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 TE Open spreadsheet 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 negativt number using a minus sign and an unfavorable variance as a positive number a. Direct materials price variance Unfavorable b. Direct materials quantity variance $ Favorable c. Direct materials cost variance $ Unfavorable Check My World Unfavorable variances can be thought of as increasing costs a deb). Favorable variances can be thought of a decreasing costs (Acredit Cost variance is the difference between the actual and standard total cost B D E F 1 2 Direct materials variances 3 4 5 6 7 B 9 The following data is provided for Bellingham Company DATA Resources' requirements, standard pounds per un Resources' standard price, per pound $3.70 Units produced 16,500 Resources used for production, pounds 36,700 10 Resources' actual price, per pound $3.85 2.3 11 13 14 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 D15:017. Transfer the numeric results for the green entry cells (C15:C17) into the appropriate fields in CNOWV2 for grading 12 + Amount Formulas 15 aDirect materials price variance 16 b. Direct materials quantity variance 17 C. Direct materials cost vanance 18 19 20 21 22 23 A Data