Problem $15-45($Algo$)$ Four$-$Variance Analysis; Journal Entries $[$LO $15-1,15-2,15-3,15-4]$

Edney Company employs a standard cost system for product costing. The per$-$unit standard cost of its product is:

Raw materials

Direct labor $(2$ direct labor hours $$$$8\mathrm{.}00$ per hour$)$

Manufacturing overhead $(2$ direct labor hours x $$12\mathrm{.}60$ per hour$)$

Total standard cost per unit

$\backslash$table$[[$$$14\mathrm{.}00$