The company has these standards: Paper size Letter fixed manufacturing overhead rate is $2.85. Requirement 1. Record Earthern Ware's direct materials and direct labour journal entries. (Record debits first, then credits. Explanations are not required.) Let's start by recording the entry for the purchase of raw materials. Nlnim lat'c ronnrd tho ontris for tho ilco nf raim matoriale Next, we can record the incurrence of direct labour. The last direct labour entry is for the use of direct labour. Record the entry. Requirements Paper size Use a standard cost accounting system to do the following: 1. Record Earthern Ware's direct materials and direct labour journal entries. 2. Record Earthern Ware's journal entries for manufacturing overhead, including the entry that records the overhead variances and closes the manufacturing overhead account. 3. Record the journal entries for the completion and sale of the 71,000 bottles, assuming Earthern Ware sold (on account) all of the 71,000 bottles at a sale price of $8.30 each. (There were no beginning or ending inventories.)