Smithson Company manufactures shirts. During June, Smithson made 1.500 shirts and gathered the following additional data Click on the icon to view the data) Read the requirements 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 Actual Cost Standard Cost > > Actual Quantity Direct Materials Cost Variance 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 11. Direct labor efficiency variance 12. Total direct labor variance Print Done i Data Table JO Direct materials cost standard $9.00 per yard of fabric 1.90 yards per shirt 2,700 yards $25,245 Direct materials efficiency standard Actual amount of fabric purchased and used Actual cost of fabric purchased and used Direct labor cost standard Direct labor efficiency standard Actual amount of direct labor hours $15.00 per DLHO 6.50 DLHr per shirt 9,900 DLHO $ 144,045 Actual cost of direct labor