Direct materials variances Bellingham Company produces a product that requires 2.5 standard pounds per unit. The standatd phlce is $3.25 oer pound. 15,400 units uied in pounds, which were purchased at $3.40 per pound. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perfocm the required analyms, and irert vour inasery kie tie questions below. Open spreadsheet What is the direct materials (a) price variance. (b) quantity variance, and (c) cost variance? Round your answers to the nearest dollar. Entar a favurali variance as a negative number using a minus sign and an unfavorable variance as a positive number. 3. Direct materials price variance b. Direct materials quantity variance c. Direct materials cost variance