purchased material was used to produce $1,000$ units of Lem.

a$.$ Compute the material price variance and material quantity variance for May.

Note: Do not use a negative sign with your answers.

that Skip identifies variances at the earliest possible time.

Note: Do not use a negative sign with your answers.

c$.$ Prepare the journal entries to record the material price and usage variances calculated in $($b$).$

Note: List any multiple debits or any multiple credits in alphabetical order by account name.