Questions The following d Comppery Duect material 4kg Direct labor Actual data fix. but mouth. Units producet Dhrect materials used Direct labor rate per hour $18 Direct lahor hours 44,000 Duect material pre 55 per kg Direct materials purchased 200,000 kgs Required: (a) Compute the price and efficiency variances for direct materials and direct labor Direct material price variance to be calculated at the time of purchase 5 marks) (b) Prepare the journal entries to record the price and efficiency variances for direct materials and direct labor. for the toolbar, press ALT-10 (PC) or ALT-EN-F10 (Mac) (5 marks) BIVS A Paragraph Anal E I. XO 50 per kg 120 per howr 20.000 70,000 kgs