Required information [The following information applies to the questions displayed below) Saskatewan Can Company manufactures recyclable soft-drink cans. A unit of production is a case of 12 dozen cans. The following standards have been set by the production-engineering staff and the controller. Direct Labor Direct Materiali Quantity, 0.22 hour Quantity, 3 kilograms Rats511.00 per hour price $0.50 per kilogram Actual material purchases amounted to 156,400 kilograms at $0 610 per kilogram. Actual costs incurred in the production of 34.000 units were as follows Direct labor Direct material: $93,024 for 8,160 hours $70,516 for 115,600 kilograms Required: Prepare the following Journal entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations.) 2. 3 4 > Record the purchase of direct material on account and the direct-material purchase price variance. Note: Enter debits before credits. Transaction 1 General Journal Direct-material purchase price variance Direct-labor efficiency variance Credit Debit 8,092 8,092 Wiew transaction list Journal entry worksheet 2 3 4 Record the addition of direct-material cost to work-in-process inventory and the direct-material quantity variance. Note: Enter debits before credits. Transaction 2 General Journal Debit Credit Record the addition of direct-labor cost to work-in-process inventory and the direct-labor variances. Note: Enter debits before credits. Transaction 3 General Journal Debit Credit D 8 Record the closing of the direct-material and direct-labor variances to cost of goods sold. Note: Enter debits before credits. Transaction General Journal 4 Debit Credit Den