If yois walt until the end of the muam, nothing can be donel expeited | 2. Prepure journal eserio in recerd the variences in reguirrment I foe dimet "Drbit of Crudit" column, [7 marki 2. Prepare journal entries to record the variances in requirement 1 for direct materials. If an account is not needed in the journal entry, select "N/A" in the "Debit or Credit" column. (7 marks) a. Journal entry to record direct materials rate variance: b. Journal entry to record direct materials efficiency variance: 3. Variance analysis: a. Name one reason why the direct labor rate variance may have occurred. This must be based on question data and your answers to part 1. (1 mark)