Post Parts manufactures components used in audio and video systems. The year just ended was Post's first year of operations and they are preparing financial statements. The immediate issue facing Post is the treatment of the direct labor costs. Post set a standard at the beginning of the year that allowed $0\mathrm{.}25$ hours of direct labor for each unit of output. The standard rate for direct labor is $$48$ per hour. During the year, the company produced $256,000$ units. A count of the ending finished goods inventory showed $15,360$ units remaining in the warehouse. There are never any work$-$in$-$process inventories at Post. Post used $61,285$ hours of labor. Total direct labor costs for the year amounted to $$3,089,700.$

Required:

a$.$ and b$.$ What was the direct labor price variance and the direct labor efficiency variance for the year?

c$.$ Assume Post writes off all variances to Cost of Goods Sold. Prepare the entries Cook would make to record and close out the variances.

d$.$ Assume Post prorates all variances to the appropriate accounts. Prepare the entries Post would make to record and close out the variances.