E. Record the entries for (1) the materials purchase, (2) the issuance and usage of materials, and (3) the labor variances. For a compound transaction, if an amount box does not require an entry, leave it blank or enter "0". (1) Materials F3 (2) Materials Price Variance Work in Process Materials Price Variance Accounts Payable E Materials (3) Accrued Payroll D F. Provide the closing entries. Close unfavorable variances first, and favorable variances second. For a compound transaction, if an amount box does not require an entry, leave it blank or enter "0". Labor Efficiency Variance Labor Rate Variance Accrued Payroll C S45 O Search R F ***- F5 // V T G + F6 Sco 6 B Y All work saved. F7 H N F8 J 181 C M F9 K 8 b F10 O L Alt Gr DOD 110 F11 Email Instructor P F12 Ctrl Save and Exit Previous Insert NOB Home Submit Test for Grading (:) Next Prisc 7:09 PM 12/11/2023 Delete PgUp PgDn