Wannabe Corporation makes a product with the following standard costs for direct materials and direct labour: During the most recent month, 10.000 units were produced. The costs associated with the month's production of this product were as follows: The standard cost variances for direct materials and direct labour are as follows: Required: 1. Prepare the journal entry to record the purchase of materials on account for the month. Journal entry worksheet Record the purchase of materials on account for the month. Note: Enter debits before credits. 2. Prepare the journal entry to record the use of materials for the month. Journal entry worksheet Record the use of materials for the month. Note: Enter debits before credits. 3. Prepare the journal entry to record the incurrence of direct labour cost for the month. Journal entry worksheet Record the incurrence of direct labour cost for the month. Note: Enter debits before credits