Senior Corn Hole is a small business that Kenny Morris developed while in college. He began building wooden corn hole game sets for friends, hand painted with college colors and logos. As demand grew, he hired some workers and began to manage the operation. Senior Corn hole maintains two departments: contstruction and painting. In the construction department, the games require wood and labor. Senior Corn Hole has some employees who have been with the company for a very long time and others who are new and inexperienced. (Click the icon to view more information.) Read the requirements. Requirement 2. Record the journal entries for the variances incurred. (Record debits first, then credits. Exclude explanations from any journal entries.) Prepare the journal entry for the direct materials price variance. Journal Entry Date Accounts Debit Credit Senior Corn Hole is a small business that Kenny Morris developed while in college. He began building wooden corn hole game sets for friends, hand painted with college colors and logos. As demand grew, he hired some workers and began to manage the operation. Senior Corn hole maintains two departments: contstruction and painting. In the construction department, the games require wood and labor. Senior Corn Hole has some employees who have been with the company for a very long time and others who are new and inexperienced. (Click the icon to view more information.) Read the requirements. (F) or unfavorable (U). Begin by calculating the price and efficiency variances for the wood. Price variance $ 460 F Efficiency variance 2.405 U Calculate the price and efficiency variances for direct manufacturing labor. Price variance $ 150 F Efficiency variance 90 U Choose from any list or enter any number in the input fields and then click Check