Question: please help to give the correct and clear answer. part B . thank you. Rankin Fabrication reports the following information with respect to its direct

please help to give the correct and clear answer. part B

please help to give the correct and clear answer. part B . thank you.

Rankin Fabrication reports the following information with respect to its direct mataria|s: humin raumialion nolds no materlals inventorles. Requlred: a. Compute the direct materlal price and efficlency varlances. b. (Appendix) Prepare the journal entrles to record the purchase and use of the direct materlals 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

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