Steinberg Company had the following direct materials costs for the manufacturing of product in March:
Actual purchase price per pound of direct materials
Standard direct materials allowed for units of product produced
Decrease in direct materials inventory
Direct materials used in production
Standard price per pound of material
Required:
What was Steinberg's direct materials purchaseprice variance and its direct materials usage variance for March? Indicate whet 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 purchaseprice variance and its direct materials usage variance for March? Indicate whether each variance was favorable F or unfavorable UDo not round intermediate calculations. Round your answers to the nearest whole dollar amount.
tableDirect materials purchaseprice variance,,Direct materials usage variance,,
$
pounds
pounds
pounds
$
$
tableActual purchase price per pound of direct materials,$
