Smithson Company manufactures shirts. During June, Smithson made 2,000 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 favorable (F) or unfavorable (U) = Direct Materials Cost Variance * Data Table - X A 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 Direct materials cost standard 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 Actual cost of direct labor $11.00 per yard of fabric 1.60 yards per shirt 3,040 yards $34,656 $14.00 per DLH 3.50 DLHr per shirt 7,110 DLHT $96,696 Print Done Print Done Choose from any drop-down list and then click Check Answer. g parts y remaining Clear All