second question uses the same info as the first one

Problem 10-46 Direct-Material Variances; Journal Entries (Appendix) (LO 10-1, 10-3, 10-9) Rocky Mountain Camping Equipment, Inc., has established the following direct-material standards for its two products, Standard camping tent Deluxe backpacking tent Standard Quantity 27 yards 22 yards Standard Price $12.50 per yard $ 8.0 per yard During March, the company purchased 4,100 yards of tent fabric for its standard model at a cost of $53,710. The actual March production of the standard tent was 110 tents, and 3,100 yards of fabric were used. Also during March, the company purchased 1100 yards of the same tent fabric for its deluxe backpacking tent at a cost of $9,570. The firm used 4,180 yards of the fabric during March in the production of 190 deluxe tents. Required: 1. Compute the direct-material purchase price variance and quantity variance for March 2. Prepare journal entries to record the purchase of material use of material, and incurrence of variances in March Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare journal entries to record the purchase of material, use of material, and incurrence of variances in March. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) the production Or 10 celuxe tents. Required: 1. Compute the direct material purchase price variance and quantity variance for March 2. Prepare journal entries to record the purchase of material, use of material, and incurrence of variances in March Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare journal entries to record the purchase of material, use of material, and incurrence of variances in March. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) Transaction Credit No 1 General Journal Raw material inventory Direct material purchase price variance Accounts payable Debit 61,820 1.400 63.280 ooooo 2 b. Work in process inventory Direct-material quantity variance Raw material inventory 73,909 1.625 75,534