Steinberg Company had the following direct materials costs for the manufacturing of product T in March: Required: 1. What was Steinberg's direct materials purchase-price variance and its direct materials usage variance for March? Indicate whether each variance was favorable (F) or unfavorable (U). 2. Prepare the appropriate journal entries for March. Complete this question by entering your answers in the tabs below. What was Steinberg's direct materials purchase-price variance and its direct materials usage varlance for March? tidicate whether each variance was favorable (F) or unfovorable (U). (Do not round intermediate calculations. found your answers to the nearest whole dollar amount.) Prepare the appropriate journal entries for March. (Do not round intermediate cakulations. If no entry is required for a transaction/event, select "No joumal entry required" in the first acoount feld. Round final answers to the nearest whole doilar ampisant ) 1 Record the cost of purchases during the month. 2 Record the standard direct materials cost for this period's production. Note: = journal entry has been entered Journal entry worksheet Record the cost of purchases during the month. Note: Enter debits before credits. Journal entry worksheet Record the standard direct materials cost for this period's production. Note: Enter debits before credits