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Goldman Company manufactures shirts. During June, Goldman made 1,100 shirts and gathered the following additional daa (Click on the icon to view the data.) Read the reguirements 7. Calculate the direct materials cost 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) Direct Materials Cost Variance = Data Table Direct materials cost standard Direct materials efficiency standard Actual amount of fabric purchased and used1,440 yards Actual cost of fabric purchased and used $11,880 Direct labor cost standard Direct labor efficiency standard Actual amount of direct labor hours Actual cost of direct labor $8.00 per yard of fabric 1.40 yards per shirt $14.00 per DLH 4.50 DLHr per shirt 5,100 DLHr $70,125 Print Done Requirements Calculate the following variances: 7. Direct materials cost variance 8. Direct materials efficiency variance 9. Total direct materials variance 10. Direct labor cost variance 1. Direct labor efficiency variance 12. Total direct labor variance Print Done