Direct Labor and Direct Materials Variances, Journal EntriesSamson Company produces paper towels. The company has established the following direct materials and direct labor standards for one case of paper towels:Paper pulp $(4$ lbs$.$ @ $$0\mathrm{.}30)$$ $1\mathrm{.}20$ Labor $(1\mathrm{.}8$ hrs$.$ @ $$18)32\mathrm{.}40$ Total prime cost$$33\mathrm{.}60$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 $$0\mathrm{.}28$ per pound. Actual direct labor used was $73,000$ hours at $$18\mathrm{.}20$ 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.