DM & DL variances: journal entries In July, Zinger Corp, purchased 52,000 gallons of Numerol for $158.600 ton in the production of product M43MR7. During July Zinger Corp. manufactured 10,140 units of product #43MR7. The following information is available about standard and actual quantities and costs Standard for One Unit Direct material 4.8 collonse sa per gallon Direct labor 20 minutes 59 per DLH Actual Usage for July Direct material 47.210 gallons Direct labor 3354 DLHS $9.02 per DLH a. Compute the material purchase price variance and the material quantity variance Note: Do not use a negative sign with your answers Matice vanoce 5 0 alcantara . . Compute the labor rate, labor efficiency, and total tabor variance Note: Do not use a negative sign with your answers Note: Round your final answer to the nearest whole dollar Tawanande 0 boronics o Toto 0 c. Prepare the journal entries for the material and labor variances Note: Round amounts to the nearest whole dollar. Note: Record any multiple debits or any multiple credits in alphabetical order by account name. Account Debit Credit . 0 0 0 Toncord material price walance . 0 OOO OOO OOO 0 To record material quantity walance e 0 0 0 0 To record labor cances - Check