Please help with the second part of section F$!$

Direct Materials, Direct Labor, and Overhead Variances, Journal Entries

Rand Company produces dry fertilizer. At the beginning of the year, Rand had the following standard cost sheet:

Overhead rates are computed using practical volume, which is $50,000$ units. The actual results for the year are as follows:

a$.$ Units produced: $51,000$

b$.$ Direct materials purchased: $408,000$ pounds at $\backslash (\backslash$$ $1\mathrm{.}32\backslash )$ per pound

c$.$ Direct materials used: $406,800$ pounds

d$.$ Direct labor: $10,500$ hours at $\backslash (\backslash$$ $17\mathrm{.}95\backslash )$ per hour

e$.$ Fixed overhead: $\backslash (\backslash$$ $30,680\backslash )$

f$.$ Variable overhead: $\backslash$$$18,000$

Required:

Note: Enter all variances as positive amounts.

$1.$ Compute price and usage variances for direct materials.

MPV $$

MUV $\backslash (\backslash$checkmark $\backslash )\backslash (\backslash$checkmark $\backslash )$

$2.$ Compute the direct labor rate and labor efficiency variances.

Labor Rate Variance $\backslash$$ Favorable $\backslash (\backslash$checkmark $\backslash )$

Labor Efficiency Variance $\backslash (\backslash$ddagger $\backslash )$

$3.$ Compute the fixed overhead spending and volume variances.

Spending Variance $\backslash$$ $\backslash (\backslash$checkmark $\backslash )$ Unfavorable $\backslash (\backslash$checkmark $\backslash )$

Volume Variance

$\backslash$$

$4.$ Compute the variable overhead spending and efficiency variances.

Spending Variance $\backslash (\backslash$$ $\backslash )\backslash (\backslash$checkmark $\backslash )$

Unfavorable $\backslash (\backslash$checkmark $\backslash )$

Efficiency Variance $\backslash (\backslash$$ $\backslash )$

Unfavorable $\backslash (\backslash$checkmark $\backslash )$

Prepare journal entries for the following:

a$.$ The purchase of direct materials

b$.$ The issuance of direct materials to production $($Work in Process$)$

c$.$ The addition of direct labor to Work in Process

d$.$ The addition of overhead to Work in Process

e$.$ The incurrence of actual overhead costs

If an amount box does not require an entry, leave it blank.

a$.$

$!$

b$.$

c$.$

Direct Labor Efficiency Variance $*$

$"$ Wages Payable "quad$$

d$.$

$$

Fixed Overhead Control $$

e$.$

Feedback

Check My Work

f$.$ The variances are closed to Cost of Goods Sold. Then FOH and VOH are recognized. Last, the Control variances are closed to COGS.

Second, recognize the overhead variances:

Post amounts from highest to lowest. If an amount box does not require an entry, leave it blank.