pter 22 Assignment 2 eBook Show Me How Calculator Direct Materials Variances Bellingham Company produces a product that requires five standard pounds per unit. The standard price is $4.5 per pound. If 3,100 units used 15,200 pounds, which were purchased at $4.68 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? 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 2,736 Unfavorable b. Direct materials quantity variance 1,350 X Favorable c. Direct materials cost variance -1,386 x Unfavorable Feedback Check My Wor Unfavorable 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 Learning Objective 3