Direct Materials and Direct Labor Variances Berner Company produces a dark chocolate candy bar, Recently, the company adopted the following standards for one bar of the candy: During the first week of operation, the company experienced the following actual results: a. Bars produced: 143,000 . b. Ounces of direct materials purchased: 1,187,200 ounces at $0.08 per ounce. c. There are no beginning or ending inventories of direct materials. d. Direct labor: 9,870 hours at $17.20. Required: Instructions for parts 1 and 2: If a variance is zero, enter " 0 " and select "Not applicable" from the drop down box. 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. If an amount box does not require an entry, leave it blank