Please answer the required for questions 16-69 and 16-70. I cannot post these seperately as 16-70 requires the information from 16-69. Please post answer manually typed or in a copyable format thank you!

5,0) 16-69. Comprehensive Variance Problem The standard cost sheet for Chambers Company, which manufactures one product, follows. $ 80 100 Direct materials, 40 yards at $2.00 per yard Direct labor, 5 hours at $20 per hour. Factory overhead applied at 80% of direct labor (variable costs = $60; fixed costs = $20). Variable selling and administrative.. Fixed selling and administrative Total unit costs. 80 64 40 $364 Standards have been computed based on a master budget activity level of 28,800 direct labor-hours per month. Actual activity for the past month was as follows. Materials used Direct labor. Total factory overhead Production 228,000 yards at $2.05 per yard 25,200 hours at $20.40 per hour $444,000 5,000 units Required Prepare variance analyses for the variable and fixed costs. Indicate which variances cannot be com- puted. Materials are purchased as they are used. (CPA adapted) 16-70. (Appendix) Recording Costs in a Standard Costing System Refer to the information in Problem 16-69. Assume there are no beginning inventories or ending inventories. All production was sold for $2,375,000. Required Prepare the journal entries to record the activity for the last month using standard costing. Assume that all variances are closed to Cost of Goods Sold at the end of the month