Johnson, Inc. is a manufacturer of lead crystal glasses. The standard direct materials quantity is 0.6 pound per glass at a cost of $0.50 per pound. The actual result for one month's production of 6,800 glasses was 1.1 pounds per glass, at a cost of $0.40 per pound. Calculate the direct materials cost variance and the direct materials efficiency 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 unfavorable (U). Actual Cost Standard Cost ) x Actual Quantity Direct Materials Cost Variance 0.40 0.50 ) x 7,480 748 F 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). 1 x = Direct Materials Efficiency Variance Choose from any drop-down list and then click Check Answer. ? 1 part Clear All Check Answer remaining