Drect Materiah and Direct Labor Vanances Beiner Company produces a dark chocolate candy bac, flecently, the company adopted the folsoning standards for one bar of the candy? During the first week of operation, the compary expenenced the following actuol results: a. Bors produced: 145,000 . b. Ounces of difect materials purchased: 1,169,300 ounces at 50.08 per ounce. c. There are no beginning of ending inventones of direct materials. d. Direct labor: 12,910 hours at $1730. Required: Instructions for parts 1 and 2: If a variance is pero, enter " 0 " and select "Not applicable" from the drop down box. 2. LEV = (AR-SRMH; LEV=(AH-SH)SR; SHxactual production x direct labioe hours per unit 3. Prepore the journal entries associated with direct materials and direct labor, If an amount box does not require an entry, leave it blank. Muserals = Direst Materals Prec Vanance Accosints perable Recurd purchane of materials Necord usage of materals Pecord tabor vanances fintud