Direct Materials Variances Bellingham Company produces a productthat requires 15 standard pounds per unit. The standard price is $6per pound. If 4,400 units used 64,700 pounds, which were purchasedat $6.12 per pound, what is the direct materials (a) pricevariance, (b) quantity variance, and (c) cost variance? Enter afavorable variance as a negative number using a minus sign and anunfavorable variance as a positive number.
a. Direct materials price variance $ Unfavorable
b. Direct materials quantity variance $ Favorable
c. Direct materials cost variance $ Favorable
