In reviewing activity for July, the controller of Mathis, Inc, collected the following data concerning direct material:s Actual production Direct materials purchased (actual) Standard cost of materials purchased Standard direct materials costs per unit produced Standard price times actual amount of materials used S 104,600 units $1,646,000 $1,562,000 14.4 $ 1.413,950 Required: Compute the direct materials cost variances. (Indicate the effect of each variance by selecting "F" for favorab Direct Materials Price variance Efficiency variance $ Cost variances 92 290F Type here to search 0