Please reply as soon as possible and clearly state how to do each step.

Save & Exit Post Parts manufactures components used in audio ancl Video systems, The year just ended was Post's first year of operations and they are preparing financial statementshe immediate issue facing Post is the treatment of the direct labor costs. Post set a standard at the beginning of the year that allowed (125 hours of direct tabor for each unit of output, The standard rate for direct labor is $50 per hour. During the year, the company produced 258,0 Ot)itSJ count of the ending finished goods inventory showed 15,480 units remaining in the warehouse. There are never any worleirf / Css inventories at Post. Post used 61,880 hours of labon Total direct labor costs for the year amounted to $3,241975 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. Complete this question y entering your answers in the tabs below. Sub Req C Req A and B Req D Assume Post prorates all variances to the appropriate accounts. Prepare the entries Post would make to record and close out the variances. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list Journal entry worksheet Record the purchase and use of 61,880 hours of direct labor at an actual cost of $3,241 (750 and the transfer to work i? process at a standard cost of $50 per hour. Note: Enter debits before credits Debit Event Record entry General Journal Clear entry Credit View general Journal