Company produces paper towels. The company has established the following direct materials and direct labor standards for one case of paper towels: (3 lbs. @ $0.40) rs. @ $12) ime cost $ 1.20 24.00 $25.20 first quarter of the year, Jameson produced 55,000 cases of paper towels. The company purchased and used 165,700 pounds of paper pulp at $0.38 per pound. Actual direct labor used was 111,000 hours at $12.20 per hour. s for parts 1 and 2: If a variance is zero, enter "0" and select "Not applicable" from the drop down box. te the direct materials price and usage variances. Price Variance Usage Variance te the direct labor rate and efficiency variances. ce Variance ciency Variance the journal entries for (1) the direct materials price variance, (2) the direct materials usage variance, and (3) the direct labor variances. If an amount box does not require an entry, leave it blank or enter "0". 0000 0000 00