The Cat's Meow manufactures gourmet cat food. During the month, it manufactured 5,000 cans of tuna, using 0.10 hours of direct labor per can at a rate of $8.00 per hour. The materials and labor standards for manufacturing the cans of tuna are as follows:

Direct materials (1 pound of tuna @ $0.50 per pound)$0.50Direct materials (1 can @ $0.35)0.35Direct labor (0.20 hour @ $7.00)1.40

The company actually used 4,900 pounds of tuna at a price of $0.65 per pound. It also purchased 5,000 cans at a price of $0.45 per can.

E. Make all necessary journal entries to record [1} the purchase of materials, 2} the issuance and usage of materials. and (3} the direct labor variances. For a compound transaction, If an amount box does not require an entryrJr leave It blank or enter "all. i1} " 4 4 l2} 4