Interpreting variances, backflush method 3 The following journal entries were recorded by Yeshim Berna Company in August:

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REQUIRED Raw Materials Inventory 259,650 Material Price Variance 1,350 Accounts Payable... 261,000 Purchased 25,965 pounds of Brandex for use in production. Work in Process... 112,500 Materials Quantity Variance. 1,731 Raw Materials Inventory 114,231 Put 11,250 pounds of Brandex into production. Work in Process Control .... 78,750 Labor Rate Variance .. Payroll Payable... Used 5,625 hours of labor in production. Finished Goods.... Work in Process Accounts Receivable Sales....... Cost of Goods Sold. Finished Goods.... 3,620 82,370 191,250 191,250 450,000 450,000 191,250 191,250 a. Compute the standard unit cost of material. b. Compute the standard quantity of material. c. Compute standard labor rate. d. After you have determined the standard cost per unit of production, prepare the necessary journal entries to record pertinent transactions using backflush costing method 3.