please help to answer this question with a clear and correct answer. thank you.

Rankin Fabrication reports the following Information with respect to its direct materlals: Rankin Fabrication holds no materlals inventorles. Requlred: a. Compute the direct material price and efficlency varlances. b. (Appendix) Prepare the journal entrles to record the purchase and use of the direct materlals using standard costing Complete this question by entering your answers in the tabs below. (Appendix) Prepare the journal entries to record the purchase and use of the direct materials using standard costing. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the purchase and use of the direct materials using standard costing. Note: Enter debits before credits. a. Compute the direct material price and efficiency variances. b. (Appendix) Prepare the journal entries to record the purchase and use of the direct materials using standard costing. Answer is not complete. Complete this question by entering your answers in the tabs below. (Appendix) Prepare the journal entries to record the purchase and use of the direct materials using standard costing. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field