need help please work in process and account payable

Direct Materials and Direct Labor Variances Berner Company produces a dark chocolate candy bar, Recently, the company adopted the following standards for one bar of the candy: During the first week of operation, the company experienced the following actual results: a. Bars produced: 78,000 . b. Ounces of direct materials purchased: 640,000 ounces at $0.084 per ounce. c. There are no beginning or ending inventories of direct materials. d. Direct lobor 5,510 hours at $18. Required: 1. Compute price and usage variances for direct materials. 2. Compute the rate variance and the efficiency variance for direct labor: 3. Prepare the fournal entries associated with direct materials and direct labor. If an amount box does not require an entry, leave it blank. If an amount is ze enter " 0 ". Feention roned My wor 3. Companies must restate costs and inventories at the end of the year to actual cost. So, variance accounts must be closed out and their balances applied to Cost of Goods Sold (if immaterial) or prorated among Cost of Goods Sold, Work in Process, and Finished Goods