The following standards were developed for one of the products: Direct materials 4 pounds @ $5 per pound Direct labor 1 hour @ $7 per hour The following activities occurred during the month of October: Required: Materials purchased: 4,100 pounds costing $21,000 Materials used: 3,840 pounds Units produced: 900 units Direct labor: 1,000 hours costing $8,700 (1) Prepare the journal entry to record materials requisition. (2) Prepare the journal entry to record materials acquisition. (3) Prepare the journal entry to record the use of labor. The following standards were developed for one of the products: Direct materials 4 pounds @ $5 per pound Direct labor 1 hour @ $7 per hour The following activities occurred during the month of October: Required: Materials purchased: 4,100 pounds costing $21,000 Materials used: 3,840 pounds Units produced: 900 units Direct labor: 1,000 hours costing $8,700 (1) Prepare the journal entry to record materials requisition. (2) Prepare the journal entry to record materials acquisition. (3) Prepare the journal entry to record the use of labor. For the toolbar press ALT+F10 (RC) or ALT+EN+510 (Mac)