Kyler manulactures cotlee mugs that in sells to other companies for customiting weth their own loges. Kyler prepares flexible budgets and uses a standard cost syslem to control manufacturing Actual cost and production information for July 2024 follows: costs. The standard unit cost of a coffee mug is based on stafic budget volume of 59,900 cotlee (Cick the icon to view actual cost and production informasion.) mugs per month: (Clicklio icon to view the cost daa.) Read the requirements. Direct labor efficiency variance (AC5Q)=5C Requirement 2. Joumalizo the purchase and usoge of drect materials and the assignment of diect labor, including the related variances. (Record dobits first, then eredits . Select the oxplanation on the last line of the journal entry table.) Begin by journalzing the purchase of direct matorials, including the related variance. (Prepare a single compound joumal entry) 1. Compute the cost and efficiency varianoet for orect matenals and dicect labor. 2. Journalte the purchase and uksge of dieect materais and the atsignment of deroct labor, incluting the relatsd variancest 3. For menulecturing everhead, oompute the variable ovechead cost and eficlency varlances and the freed overtiead cost and volume varianoes. 4. Jouralue the actual marutacturieg ererhead and the allocated marulactiring creithas, dournalize the morement of at productise costs from Work in. process inversory. dournwize the adjusing of the Manutacturng Ovenead acoount. 5. Kyler intentonaly hived more hivhly sided woners during July. How did this flecision aflect the oost variances? Overall, was the decison whice? More info a. There wose no beginning or ending inversocy bolances. Al expendiures were on accourt. b. Actual production and sales wee 62.600 comee mugs. c. Actua dired maleralt usage was 10.000 bs. at an actual cost of 50.17 per lo. d. Aatual divect labor viage was 100,000 minutes at a botal cont of 531,040 . e. Actual oventiesd cost wis $3.960 varlaste and $36860 fired. 1. Feting and administrathe conts were 5126000