Steinberg Company had the following direct materials costs for the manufacturing of product T in March:

Actual purchase price per pound of direct materials	$	8.00
Standard direct materials allowed for units of product T produced		2,600	pounds
Decrease in direct materials inventory		150	pounds
Direct materials used in production		2,800	pounds
Standard price per pound of material	$	7.75

Required:

1. What was Steinbergs 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: Required 2 What was Steinberg's direct materials purchase price variance and its direct materials usage variance for March indicate whether each variance was favorable or unfavorable (U). Do not found intermediate calculations. Round your answers to Dract materials purchase price rang Descemerasage variance Required Required2 Prepare the appropriate journal entries for March. (Do not found intermediate calculations. I 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 dolar) Journal entry worksheet