Refer to 11.26. Prepare the journal entries for the materials price and efficiency variances for November. Assume that Delicata records the materials price variance at the time materials are purchased.

Data from Exercise 11.26:

Delicata’s managers expected to produce 30,000 units of product in November. The standard cost for the materials used for 30,000 units is $260,400 and the standard cost per unit is $4.20 per litre. Actual production in November was 28,650 units. The company purchased and used 85,950 litres of materials costing $244.957.50