Tipton Company manufactures shirts. During June. Tipton made 1,200 shirts and gathered the following additional data: EEB (Click on the icon to view the data.) Read the requrements. 7, Calculate the direct materials cost variance Selact the formula, then enter the amounts and compute the cost variance for direct materials and identify whether the variance is favarable (F) or unfavarable (U) Direct Materials Cost Variance 8. Calculate the direct materials efficiency variance Select the formula, then enter the amounts and compute the efficlency varlance for direct materials and ldentfy whether the varlance is favorable (F) or unfavorable (U). Data Table - Direct Materlals Eiclency Varlance Direct materials cost standard Direcl materials efliciency slandard Actual amount of fabric purchased and used 1,680 yards Actual cost of fabric purchased and used10,500 Direct labor cost standard Direct labor efficlency standard Actual amount of direct labor hours9 Actual cost of direct labor $6.00 per yard of fabric 1.50 yards per shir 9. Calculate the total direct materials variance and identify whether the variance is favorable or unfavorable The total direct materiels variance is 10. Calculate the direct labor cost variance. Select the formula, then enter the amounts and compute the cost variance for direct labor and identify whether the variance is favorable (F) or unfavorable (U $15.00 per DLHr 2.00 DLHr per shirt 2,520 DLHr S36,540 Direct Labor Cost Variance 11. Calculate the direct labor efficiency variance Selact the formula, than enter the amounts and compute the efficiency variance for direct labor and identify whether the varance is favorable (F) or unfavorable (U). Print Done -Direct Labor Efficiency Variance 12. Calculate the total direct labor variance and identify whether the variance is favorable ar unfavorable The total direct labor variance lis