Templet construction uses a standard cost system for all manufacturing transactions. For the month of April the following activities have taken place: Direct manufacturing materials purchased $270,000 Direct manufacturing materials used $360,000 Direct materials rate variance $3,000 unfavourable Direct materials efficiency variance $4,000 favourable Direct manufacturing labour rate variance $5,000 favourable Direct manufacturing labour efficiency variance $7,000 favourable Direct manufacturing labour payable $280,000 Required: Record the necessary journal entries to: 1. Record the materials purchases assuming that materials rate variances are recorded at the time of purchase. 2. Record the materials placed into production. 3. Record the direct labour used in production