10 Fischer Fabrication reported the following information concerning its direct materials: Direct materials purchased (actual) 4 Standard cost of materials purchased Standard price times actual amount of materials used points Actual production Standard direct materials costs per unit produced Required: $ 367,400 $ 354,000 $ 326,000 55,400 units $ 6 eBook Compute the direct materials cost variances. Note: Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option. Print Direct Materials References Price variance Efficiency variance Total direct materials cost variance