Required 1 Required 2 2. Prepare journal entries to record all transactions, including the variances in requirement 1. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) No A Transaction 1 B General Journal 2 Direct materials inventory Direct materials purchase-price variance Accounts payable Work-in-process inventory Direct materials usage variance Direct materials inventory C 3 Work-in-process inventory Direct labor rate variance Direct labor efficiency variance Accrued payroll < Required 1 Required 2 > Debit Credit 268,000 2,680 265,320 382,000 X 3,200 335,000X 382,000