ayberry loss as to Materials Control Cumpsany had the following joumal entries recorded for the end of e the the company's performance for the month of junse ny's only accountant quit on July 10 and the president is at a Direct Materials Price Variance 150000 Accounts Payable Centre 5.00 145000 Work-in-Process Control Direct Materials Efficiency Variance 60,000 4,000 Materials Control Work-in-Process Control Direct Manufacturing Labor Efficiency Variance 64000 425,000 Direct Manufacturing Labor Price Variance 7.500 9,000 423500 Wages Payable Control Required: (20 points) for June? Explain each variance. a. What kind of performance did the company have b Why is Direct Materials given in two entries