[The following information applies to the questions displayed below.] Saskatewan Can Company manufactures recyclable soft-drink cans. A unit of production is a case of 12 dozen cans. The following standards have been set by the production-engineering staff and the controller 1.66 points Direct Labor: Direct Material: Quantity, 0.10 hour Rate, $5.00 per hour Quantity, 3 kilograms Price, $0.30 per kilogram Actual material purchases amounted to 34,000 kilograms at $0.32 per kilogram. Actual costs incurred in the production of 10,000 units were as follows: Direct labor: Direct material: $6,120 for 1, 200 hours $10,075 for 31,000 kilograms Exercise 10-31 Required: Prepare the following journal entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations.) View transaction list Journal entry worksheet Record the purchase of direct material on account and the direct-material purchase price variance Note: Enter debits before credits ransact ion General Journal DebitCredit Record entry Clear entry View general journal