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Need some help with this question, please answer both parts of the question and show all of your work and thinking clearly, thanks! Steinberg Company

Need some help with this question, please answer both parts of the question and show all of your work and thinking clearly, thanks!
Steinberg Company had the following direct materials costs for the manufacturing of product T in March:
Actual purchase price per pound of direct materials
Standard direct materials allowed for units of product T produced
Decrease in direct materials inventory
Direct materials used in production
Standard price per pound of material
$9.20
4,100 pounds
100 pounds
4,300 pounds
$8.75
Required:
What was Steinberg's direct materials purchase-price variance and its direct materials usage variance for March? Indicate whether
each variance was favorable (F) or unfavorable (U).
Prepare the appropriate journal entries for March.
Complete this question by entering your answers in the tabs below.
Required 2
What was Steinberg's direct materials purchase-price variance and its direct materials usage variance for March? Indicate
whether each variance was favorable (F) or unfavorable (U).(Do not round intermediate calculations. Round your answers to
the nearest whole dollar amount.)
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