Equirement 5. company management intentionally purchased superior materials for november production. how did this decision affect the other cost variances? overall, was the decision wise? explain. the favorable ▼ variances more than offset the unfavorable ▼ variances. if the superior materials purchased for the november production decreased materials and labor usage, then management's decision was ▼ unwise. wise. requirement 6. journalize the usage of direct materials and the assignment of direct labor, including the related variances. (record debits first, then credits. exclude explanations from any journal entries.) first, journalize the purchase of direct materials, including the related variance. journal entry accounts debit credit journalize the usage of direct materials, including the related variance. journal entry accounts debit credit journalize the direct labor costs, including the related variances. (record both direct labor variances by preparing a single compound entry.) journal entry date accounts debit credit choose from any list or enter any number in the input fields and then continue to the next question.