Data for Nona Inc. are given in E25-7.

Instructions
Journalize the entries to record the materials and labor variances.

Data From E 25-7:

Nona Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product.

Direct materials (8 pounds at $2.50 per pound)                $20
Direct labor (3 hours at $12.00 per hour)                         $36

During the month of April, the company manufactures 235 units and incurs the following actual costs.

Direct materials purchased and used (1,900 pounds)      $5,035
Direct labor (700 hours)                                                   $8,260

Instructions
Compute the total, price, and quantity variances for materials and labor.