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

Actual purchase price per pound of direct materials

Standard direct materials allowed for units of product $T$ produced

Decrease in direct materials inventory

Direct materials used in production

Standard price per pound of material

$$8\mathrm{.}00$

$2,600$ pounds

$150$ pounds

$2,800$ pounds

$$7\mathrm{.}75$

Required:

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 $(U).$

Prepare the appropriate journal entries for March.

Complete this question by entering your answers in the tabs below.

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$).($Do not round intermediate calculations. Round your answers to

the nearest whole dollar amount.$)$

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.$)$

Journal entry worksheet

Record the cost of purchases during the month.

Note: Enter debits before credits.

Prepare the appropriate journal entries for March. $($Do not round intermediate calculations. If no entry is required for a

Journal entry worksheet

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

Note: Enter debits before credits.