Sports Manufacturing, Inc., produces and sells footballs. The standard cost for materials and labor for one regulation-size football is as follows:

Direct materials. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 feet of leather at $5.50 per foot

Direct labor. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1/2 hour at $9.00 per hour

During the period, Sports Manufacturing recorded a materials price variance of $100 U and a materials quantity variance of $380 F. In addition, the company recorded a labor rate variance and a labor efficiency variance of $1,200 U and $450 U, respectively. Seven thousand footballs were produced during the period, and the materials inventory did not change during the period.

Required:

1. Compute the actual costs for materials and labor during the period.

2. Provide the journal entries to record the materials price and quantity variances.

3. Provide the journal entries to record the labor rate and efficiency variances.