quantity is 0.7 pound per glass at a cost of $0.30 per pound. The actual result for one

Goldman, Inc. is a manufacturer of lead crystal glasses. The standard direct materials
quantity is 0.7 pound per glass at a cost of $0.30 per pound. The actual result for one
month’s production of 6,900 glasses was 1.3 pounds per glass, at a cost of $0.40 per
pound. Calculate the direct materials cost variance and the direct materials efficiency
variance.