Prepare the journal entries associated with these variances. If an amount box does not require an entry, leave it blank. 4. Break down the total budget variance for direct labor into a rate variance and an efficiency variance. During the year, EZ Tees produced 9,600 T-shirts. The actual fabric purchased was 14,300 yards at $2.72 per yard, There were no beginning or ending inventori $19.50 per hour: Required: 1. Compute the costs of fabric and direct labor that should have been incurred for the production of 9,600T-shirts. Direct materials $ Direct labor \$ 2. Compute the total budget variances for direct materials and direct labor: 3. Break down the total budget variance for direct materials into a price variance and a usage variance. Prepare the journal entries associated with these variances. If an amount box does not require an entry, leave it blank. Standare Cests, Decamoosition of Budout Varances, Direct Materiah asd Direct Laber 119.50 per houn Pequired: 1. Compute the easts of fatiric and dinct leber that thoula hwe been incuired for the production of 9,600 T-thuits. birect materalt Buret inbor: Prepare the journal entries associated with these variances. If an amount box does not require an entry, leave it blank. 4. Break down the total budget variance for direct labor into a rate variance and an efficiency variance. During the year, EZ Tees produced 9,600 T-shirts. The actual fabric purchased was 14,300 yards at $2.72 per yard, There were no beginning or ending inventori $19.50 per hour: Required: 1. Compute the costs of fabric and direct labor that should have been incurred for the production of 9,600T-shirts. Direct materials $ Direct labor \$ 2. Compute the total budget variances for direct materials and direct labor: 3. Break down the total budget variance for direct materials into a price variance and a usage variance. Prepare the journal entries associated with these variances. If an amount box does not require an entry, leave it blank. Standare Cests, Decamoosition of Budout Varances, Direct Materiah asd Direct Laber 119.50 per houn Pequired: 1. Compute the easts of fatiric and dinct leber that thoula hwe been incuired for the production of 9,600 T-thuits. birect materalt Buret inbor