OM \& DL variances; journat entries Maderingat Draperies manufactures curtains. Cuntain a4s7t requers the followine Durine the recond quarter the rompary putuused 20,460 square yarts at a cont of $59,900 and uned 19,300 square yards to produce 1.800 Curtain eds7is. Direct labor toured 9,120 hours for 196.70 4. Compute the muterial price and euanaty varunces Note: Do not use a negotive sigh with your answen b. Prepore the joumat entries for the purchase and wie of dirct materiat Nete: Alound amounts to the neareit whole dollar. Note: Aecord ary nutiple debits or any multiple ordis in alphsbetical order by arcount name 5. Compute labor rate and Labor efficiency variances. Note Do not uie a nesalive sign with your answers. Nete: Hound your fnal anser to the nearest whicle dollar