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Hi, Could you help me with this. I couldn't find the correct answer. Steinberg Company had the following direct materials costs for the manufacturing of

Hi, Could you help me with this. I couldn't find the correct answer.

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Steinberg Company had the following direct materials costs for the manufacturing of product T in March: Actual purchase price per pound of direct materials 5 9.10 Standard direct materials allowed for units of product T produced 3,700 pounds Decrease in direct materials inventory 260 pounds Direct materials used in production 3,900 pcmnds Standard price per pound of material 5 0.85 I Required: 1. What was Steinberg's direct materials purchaseprice variance and its direct materials usage variance for March? Indicate whether each variance was favorable (F) or unfavorable (U). 2. Prepare the appropriate journal entries for March

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