Jackson, Inc. is a manufacturer of lead crystal glasses. The standard direct materials quantity is 09 pound per glass at a cost of 50 60 per pound The actual result for one month's production of 6,800 glasses was 12 pounds per glass, at a cost of 50 50 per pound Calculate the direct materials cost variance and the direct materials elliciency 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 unfavorablo (U) Actual Cost Actual Quantity Direct Materials Cost Variance Standard Cost