DM \& DL variances; journal entries Madzinga's Draperies manufactures curtains. Curtain \#4571 requires the following: During the second quarter, the company purchased 51,000 square yards at a cost of $249,900 and used 49,500 square yards to produce 4,500 Curtain \#45715. Direct labor totaled 22,800 hours for $239,400. a. Compute the material price and usage variances. Note: Do not use a negative sign with your answers. b. Prepare the journal entries for the purchase and use of direct material. Note: Round amounts to the nearest whole dollar. Note: Record any multiple debits or any multiple credits in alphabetical order by account name. c. Compute labor rate and labor efficiency variances. Note: Do not use a negative sign with your answers. Note: Round your final answer to the nearest whole dollar. d. Prepare the journal entry to accrue direct labor cost and record the labor variances for the quarter