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. Please Prepare the appropriate journal entries for March.

a) Record the cost of purchases during the month.

b) Record the standard direct materials cost for this period's production.