Jackson, Inc. is a manufacturer of lead crystal glasses. The standard direct materials quantity is 0.9 pound per glass at a cost of 50.60 per pound. The actual result for one month's production of 7,200 glasses was 1.2 poundo per glass; at a cost of $0.40 por pound. Calculate the direct materials cost variance and the direct materials efficiency variance. Select the formula, then enter the antounts and compuse the cost variance for direct materials and identify whether the variance is favorable (F) or unfavorable (U) Select the formula, then enter the amounts and compute the efficiency variance for direct materials and identify whether the variance is favorable (f) or unfavorable (U) Select the formula, then enter the amounts and compute the cost variance for direct material Select the formula, then enter the amounts and compute the efficiency variance for direct ma