Samson Company produces paper towels. The company has established the folsowing direct materials and direct labor standards for one caso of paper toweis: During the first quarter of the year, Samison produced 40,000 cases of paper toweis. The company purchased and ised 160,700 pounds of paper pulp at 50.27 per pound Actual oirect labor used was 73,000 hours at $18.20 per hour, Required: Instructions for parts 1 and 2i if a varlance is zero, enter " 01 and select "Not applicable" from the drop down box. 1. Calculate the direct materials price and usage variances. 2. Calculate the direct labor rate and efficiency variances. 3. Prepare the journal entries for (1) the duect matenais brice varience. (2) the direct materiais usage vanance, and (3) the tirect labor warances. If an amount bex dees not reguire an entry, leave it blank. 1 1. Calculate the direct materials price and usage variances. Materials Price Variance Materials Usage Varlance 2. Calculate the direct labon rate and efficiency variances. Labor Rate Variance Labor Efficiency Variance. 3. Prepare the journal entries for (1) the direct materiais price varionce, (2) the direct materials usage variance, and (3) the direct labor variances. If an amount box does not require an entry, leave it blank