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

Actual purchase price per pound of direct materials $ $8\mathrm{.}00$

Standard direct materials allowed for units of product T produced $2,600$ pounds

Decrease in direct materials inventory $100$ pounds

Direct materials used in production $2,800$ pounds

Standard price per pound of material $ $7\mathrm{.}75$

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

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.

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.

Noten Enter debiz before credita.