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 toweis: During the first quarter of the year, Samson produced 40,000 cases of paper towels, The company purchesed and used 160,300 pounds of paper pulp at 30.27 per pound Actual direct labor used was 80,000 hours at $18.20 per hour, Required: Instructions for parts 1 and 21If a variance is zero, enter " 0 " and select "Not applicable" from the drop down box. 1. Calculate the direct materiais price and usage variances. 2. Calculate the direct labor rate and efficiency variances. 3. Prepare the joumal 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