S23-6 (similar to) Qu Smithson, Inc is a manufacturer of lead crystal glasses. The standard direct materials quantity is 0.7 pound per glass at a cost of $0.30 per pound. TI one month's production of 7.400 glasses was 12 pounds per glass, at a cost of $0.40 per pound. Calculate the direct materials cost variance and the 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 unfa Direct Materials Cost Variance