Jackson, Inc. is a manufacturer of lead crystal glasses. The standard direct materials quantity is 07 pound per glass at a cost of $0.30 per pound. The actual for one month's production of 7, 200 glasses was 13 pounds per glass, at a cost of $0 20 per pound Calculate the direct materials cost variance and the deact materials efficiency variance Select the formula then enter the amounts and compute the cost variance for direct materials and identity whether the variance is favorable (F) or unfavorable (U) Actual Cost Standard Cost Actual Quantity Direct Materials Cost Variance