please answer a2

It was the end of the third quarter for Sinland Industries. There had been some discusson in prior quarters about best practices related to carrying ending inveatory of its key DM, acetic acid, for making vinegar. Per established standards. 6.8 ounces of aceticacid follow lean practices and bux only what is neoded for production, while the former producticn manager preferred to keep sone inventory on hand for emergencies. For the third quarter, 259.000 ounces of acetic acid were purchsied on account and ised to make 37.000 gallens of vinegar. The purchase price was $72,520. (a1) Determine the DM price and effecency variances for the third quarter based on the information abowe. DMpricevariance eTextbook and Media Altemptse 1 of 3 used Record the journal entries for the purchase and use of DM under standard costing. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts. List all debit entries before credit entries.)