Steinberg Company had the following direct materials costs for the manufacturing of product in March: Actual purchase price per pound of direct materials Standard direct materials allowed for units of product T produced 4,080 pounds Decrease in direct materials inventory 290 pounds Direct materials used in production 4,200 pounds Standard price per pound of material 5 9.15 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. Required 1 Required 2 Prepare the appropriate journal entries for March. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round final answers to the nearest whole dollar amount)