Johnson, Inc. is a manulacturer of lead crystal glassee. The standard direct materials quantity is 0.7 pound per glass at a cost of $0.50 per pound. The achal result for on month's production of 6,900 glasses was 1.4 pounds per glass, at a cost of $0.30 per pound Calculate the direct materials cost variance and the direct materials eficiene variance. Solect the formula, then enter the amounts and compule the cost variance for diroct materials and identify whether the variance is favorabie (F) or unfavorable (U). Johnson, Inc. is a manulacturer of lead crystal glassee. The standard direct materials quantity is 0.7 pound per glass at a cost of $0.50 per pound. The achal result for on month's production of 6,900 glasses was 1.4 pounds per glass, at a cost of $0.30 per pound Calculate the direct materials cost variance and the direct materials eficiene variance. Solect the formula, then enter the amounts and compule the cost variance for diroct materials and identify whether the variance is favorabie (F) or unfavorable (U)