Goldman Company manufactures shirts. During June, Goldman made 1,400 shirts and gathered the following additional data (Click on the icon to view the data.) Read the requirements 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) Actual Cost Standard Quantity Direct Materials Cost Variance Data Table Direct materials cost standard Direct materials efficiency standard Actual amount of fabric purchased and used Actual cost of fabric purchased and used Direct labor cost standard Direct labor efficiency standard Actual amount of direct labor hours Actual cost of direct labor $4.00 per yard of fabric 1.40 yards per shirt 1,830 yards $8,052 $11.00 per DLHr 3.00 DLHr per shirt 4,340 DLHr $47,306 Print Done Requirements Calculate the following variances 7. Direct materials cost variance 8. Direct materials efficiency variance 9. Total direct materials variance 10. Direct labor cost variance 1. Direct labor efficiency variance 2. Total direct labor variance Print Done