Requirement 6. Journalize the usage of direct materials and the assignment of direct labor, including the related variances. (Record debits first, then credits. Exclude explanations from any journal entries.) PLEASE SHOW STEPS for Debit/Credit

Requirement 6. Journalize the usage of direct materials and the assignment of direct labor, including the related variances. (Record debits first, then credits. Exclude explanations from any journal entries.) First, journalize the purchase of direct materials, including the related variance. Journal Entry Accounts Debit Credit Raw Materials Inventory DM Price Variance Accounts Payable Journalize the usage of direct materials, including the related variance. Journal Entry Accounts Debit Credit Work in Process Inventory DM Quantity Variance Raw Materials Inventory Journalize the direct labor costs, including the related variances. (Record both direct labor variances by preparing a single compound entry.) Journal Entry Date Accounts Debit Credit Work in Process Inventory DL Rate Variance DL Efficiency Variance Wages Payable Data table $ 10.80 18.20 Direct materials (3.0 sq. ft * $3.60 per sq. ft) Direct labor (2.0 hours * $9.10 per hour) Manufacturing overhead: Variable (2.0 hours * $0.62 per hour) 1.24 4.20 5.44 Fixed (2.0 hours * $2.10 per hour) $ 34.44 Total standard cost per jacket Fixed overhead in total was budgeted to be $63,420 for each month. Actual data for November of the current year include the following: a. Actual production was 13,900 jackets. b. Actual direct materials used was 2.40 square feet per jacket at an actual cost of $3.80 per square foot. (Assume the direct materials purchased is the same as the direct materials used.) c. Actual direct labor usage of 25,600 hours for a total cost of $235,520. d. Actual fixed overhead cost was $54,474, while actual variable overhead cost was $16,640