Ceramics Etc. is a manufacturer of ceramic bottles. (Click the icon to view the standards.) Last month, Ceramics Etc. reported the following actual results for the production of 71,000 bottles: E: (Click the icon to view the actual results.) Requirements Use a standard cost accounting system to do the following 1. Record Ceramics Etc.'s direct materials and direct labour journal entries. 2. Record Ceramics Etc.'s journal entries for manufacturing overhead, including the entry that records the overhead variances and closes the manufacturing overhead account. 3. Record the journal entries for the completion and sale of the 71,000 bottles, assuming Ceramics Etc. sol (on account) all of the 71,000 bottles at a sale price of $8.60 each (there were no beginning or ending inventories). E (Click the icon to view related variances.) Requirement 1. Record Ceramics Etc.'s direct materials and direct labour journal entries. (Record debits first, then credits. Explanations are not required.) Let's start by recording the entry for the purchase of raw materials. Journal Entry Date Accounts Debit Credit Now let's record the entry for the use of raw materials. Journal Entry Date Accounts Debit Credit Ceramics Etc. is a manufacturer of ceramic bottles. (Click the icon to view the standards.) Last month, Ceramics Etc. reported the following actual results for the production of 71,000 bottles: E: (Click the icon to view the actual results.) Requirements Use a standard cost accounting system to do the following 1. Record Ceramics Etc.'s direct materials and direct labour journal entries. 2. Record Ceramics Etc.'s journal entries for manufacturing overhead, including the entry that records the overhead variances and closes the manufacturing overhead account. 3. Record the journal entries for the completion and sale of the 71,000 bottles, assuming Ceramics Etc. sol (on account) all of the 71,000 bottles at a sale price of $8.60 each (there were no beginning or ending inventories). E (Click the icon to view related variances.) Requirement 1. Record Ceramics Etc.'s direct materials and direct labour journal entries. (Record debits first, then credits. Explanations are not required.) Let's start by recording the entry for the purchase of raw materials. Journal Entry Date Accounts Debit Credit Now let's record the entry for the use of raw materials. Journal Entry Date Accounts Debit Credit