S23-6 (similar to) Question lelp Johnson, Inc. is a manufacturer of lead crystal glasses. The standard cirect materials quantity is 0.7 pound per glass at a cost of $0.60 per pound marrals afficiancy varianca he actual resul: for e month's production of 7,300 glasses was 1.1 pounds per glass, at a cost of $0.40 per pound. Calculate the direct materials cost variance and the direct Selact the farmula, then antar the amounts a compune the coat variance for direct materials and identty whether the varianca ia faverable (F) or unfavorable LI) ) x Direct Materials Cost Variance Choose from any drop-down list and then clck Check Answer 3 Cear All Final Check