Steinberg Company had the following direct materials costs for the manufacturing of product T in March:

Actual purchase price per pound of direct materials	$ 8.40
Standard direct materials allowed for units of product T produced	3,000	pounds
Decrease in direct materials inventory	190	pounds
Direct materials used in production	3,200	pounds
Standard price per pound of material	$ 8.15

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.

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). (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.)

\begin{tabular}{|l|l|l|} \hline & & \\ \hline Direct materials purchase-price variance & & \\ \hline Direct materials usage variance & & \\ \hline \end{tabular}

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 amount.)

Journal entry worksheet $1 \quad 2$ Record the cost of purchases during the month. Note: Enter debits before credits. \begin{tabular}{|c|c|c|c|} \hline Transaction & General Journal & Debit & Credit \\ \hline 01 & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} Record entry Clear entry View general journal
Journal entry worksheet Record the standard direct materials cost for this period's production. Note: Enter debits before credits. \begin{tabular}{|c|c|c|c|} \hline Transaction & General Journal & Debit & Credit \\ \hline 02 & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} Record entry Clear entry View general journal