Steinberg Company had the following direct materials costs for the manufacturing of product T in March Actual purchase price per pound of direct materials $ 8.90 Standard direct materials allowed for units of product T produced 3,500 por Decrease in direct materials inventory 240 POL Direct materials used in production 3.700 por $ 8.65 Standard price per pound of material 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 What was Steinberg's direct materials purchase price variance and its direct materials usage variance for March? Indicate whethe variance was favorable (F) or unfavorable (U). (Do not round intermediate calculations. Round your answers to the nearest whole Direct materials purchase-price variance Direct materials usage variance Required Required 2 >