Steinberg Company had the following direct matrials costs for the ....

Steinberg Company had the following direct materials costs for the manufacturing of product T in March: Actual purchase price per pound of direct materials $ 8.60 Standard direct materials allowed for units of product T produced 3,280 pounds Decrease in direct materials inventory 210 pounds Direct materials used in production 3,463 pounds Standard price per pound of material :5 3.35 | Required: '1. What was Steinberg's direct materials purchaseprice 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 1 Required 2 What was Steinberg's direct materials purchaseprice 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.) Direct materials purchaseprice variance Direct materials usage variance Required 2 ) Required 1 Required 2 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.) View transaction list Journal entry worksheet 2 Record the cost of purchases during the month. Note: Enter debits before credits. Transaction General Journal Debit Credit 01 Record entry Clear entry View general journal