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) $0.50 Direct materials (1 can @ $0.35) 0.35 Direct 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 entry, leave it blank or enter "O". (1) (2) 3 (3)