Direct Labor and Direct Materials Variances, Journal Entries Samson Company produces paper towels. The company has established the following direct materials and direct labor standards for one case of paper towels: During the first quarter of the year, Samson produced 40,000 cases of paper towels. The company purchased and used 160,700 pounds of paper pulp at $0.27 per pound. Actual direct labor used was 73,000 hours at $18.10 per hour. Required: Instructions for parts 1 and 2: If a variance is zero, enter " 0 " and select "Not applicable" from the drop down box. 1. Calculate the direct materials price and usage variances. 2. Calculate the direct labor rate and efficiency variances. 3. Prepare 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