Compute the indard direct labor hours allowed for the production of 280,000 units. Exercise 9.14 Wrect Materials and Direct Labor Variances Zoller Company produces a dark chocolate candy bar. Recently, the company adopted the fol- lowing standards for one bar of the candy: Direct materials (6.3 oz. @ $0.20) $1.26 Direct labor (0.08 hr. @ $18.00) 1.44 Standard prime cost $2.70 During the first week of operation, the company experienced the following actual results: a. Bars produced: 143,000. b. Ounces of direct materials purchased: 901,200 ounces at S0.21 ner ounce. C. There are no beginning or ending inventories of direct materials.bbszor d. Direct labor: 11,300 hours at $17.30. So b o b adi lalo Required: O x imetom 13tbols 1. Compute price and usage variances for direct materials. 2. Compute the rate variance and the efficiency variance for direct labor 3. Prepare the journal entries associated with direct materials and direct labor