The following information was given for the Frances Company, which manufactures dolls:

Required:
a Calculate the following variances:
1 Direct materials price and efficiency 2 Direct labor price and efficiency 3 Factory overhead—three-factor analysis b Prorate variances on the following basis:
Direct materials price and efficiency: pounds of direct materials Conversion costs: equivalent units of production c Prepare journal entries for parts a and b including the journal entries to record the units completed and sold.

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Units sold (at $150 per unit) Units of finished product produced. Direct materials quantity standard Direct materials used in production Direct materials purchased Direct materials standard price. Actual direct materials price.. Direct labor efficiency standard. Actual direct labor hours worked Direct labor standard wage rate. Direct labor actual wage rate... 24,000 26.000 6 pounds of direct materials per unit of finished product 156,500 pounds 160,000 pounds $8.10 each $8.07 each 3 hours per unit 77,600 hours $6.25 per hour $6.30 per hour Budgeted factory overhead based on 80,000 normal capacity direct labor hours. Variable. Fixed Total. $300,000 500,000 $800,000 $760,000 Total actual factory overhead. Frances Company uses standard costing in its weighted average process cost accumulation system. Beginning work-in-process inventory: 1,000 units (100% complete as to direct materials; 60% complete as to conversion costs) Ending work-in-process inventory: 400 units (100% complete as to direct materials; 20% com- plete as to conversion costs) There was no beginning direct materials or finished goods inventories.