DM \& DL variances; journal entries Madzinga's Draperies manufactures urtains. Curtain \#4571 requires the following: During the second quarter, the company purchased 44,200 square yards at a cost of $216,580 and HAS71s. Direct labor totaled 19,760 hours for $207,480 a. Compute the material price and quantity variances. Note: Do not use a negative sign with your answers. b. Prepare the joumal 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