Goldman Inc. is a manufacturer of lead crystal glasses. The standard direct material quantity is 0.9 pound per glass at a cost of 0.40 per pound. The actual result for one months production of 6900 glasses was 1.1 pounds per glass, at a cost of .20 per pound .

Soldman, inc is a mandacturer of lead erystal plasses. The standard direct matenais quantity is 0.9 pound per olass at a cost of 50.40 per pound. The actual result for one month's. Select the formila, then enter the anounts and compute the cost variance for direct materials and identify wheoher the variance is favarable (F) or unfirvorable (U). Select the formula, then enter the amounts and compute the efficienoy variance for drect maleriala and identify whether the variance is tavorable (F) or unfavorable (U)