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Requirement $1.$ Compute the cost and efficiency variances for direct materials and direct labor.

$\backslash$table$[[$The direct materials cost variance is$,$Variance,$],[$The direct materials efficiency variance is$,600,$U$],[$The direct labor cost variance is$,183,$U$],[$The direct labor efficiency variance is$,4060,$F$]]$

Begin by journalizing the purchase of direct materials, including the related variance. $($Prepare a single compound journal entry.$)$

$\backslash$table$[[$Accounts$,$Debit,Credit$],[,,],[,,],[,,]]$

Now, joumalize the usage of direct materials, including the related variance. $($Prepare a single compound journal entry.$)$

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