Goldman Company manufactures shirts. During June, Goldman made 1,300 shirts and gathered the following additional data: g (Click on the icon to view the data.) Read the muirements. 7. Calculate the direct materials cost variance. Select the formula, then enter the amounts and compute the cost variance for direct materials and identify whether the variance is favorable (F) or unfavorable (U). ( l _ l ) x = Direct Materials Cost Variance Direct materials cost standard $11.00 per yard of fabric Direct materials efficiency standard 1.80 yards per shirt Actual amount of fabric purchased and used 2,230 yards Actual cost of fabric purchased and used $25, 199 Direct labor cost standard $13.00 per DLHr Direct labor efficiency standard 6.50 DLHr per shirt Actual amount of direct labor hours 8,530 DLHr Actual cost of direct labor $110,037X Requirements Calculate the following variances: 7. Direct materials cost variance 10. Direct labor cost variance 8. Direct materials efficiency variance 11. Direct labor efficiency variance 9. Total direct materials variance 12. Total direct labor variance Print Done