Martin, Inc. is a manufacturer of lead crystal glasses. The standard direct materials quantity is1.0 pound per glass at a cost of $0.50 per pound. The actual result for one​ month's production of...

Martin, Inc. is a manufacturer of lead crystal glasses. The standard direct materials quantity is1.0 pound per glass at a cost of $0.50 per pound. The actual result for one​ month's production of 6,500

$0.30 per pound. Calculate the direct materials cost variance and the direct materials efficiency variance.

Select the​ formula, then enter the amounts and compute the cost variance for direct materials and identify whether the variance is favorable​ (F) or unfavorable​ (U).