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Required: 1. What was Steinberg's direct materials purchase-price variance and its direct materials usage variance...

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Accounting

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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. 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 an Journal entry worksheet Record the cost of purchases during the month. Note: Enter debits before credits. Journal entry worksheet Record the standard direct materials cost for this period's production. Note: Enter debits before credits

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