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Goldman, Inc. Is a manufacturer of lead crystal glasses. The standard direct materials quantity is 0.9 pound per glass at a cost of $0.30 per pound. The actual result for one month's production of 7.100 glasses was 1.1 pounds per glass, at a cost of $0.10 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 unavorable (U). Select the formula, then enter the amounts and compute the efticiency variance for daect materials and identify whether the variance is favorable (F) or unfavorable (U). aclual result for one month's procuction of 7.100 glasses was 4.1 pounds per glass, at a cost of $0.10 per pound variance and the direct materlals efficiency variance 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 favorabie (F) or unfavorable (u) Goldman, Inc, is a manufacturer of lead crystal glasses. The standard direct materials quantity is 0.9 pound per glass at a cost of $0.30 per pound. Th actual restlt for one month's production of 7,100 glasses was 1.1 pounds per glass, at a cost of $0.10 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)