The Sleepie Company produces several types of beds. The one that produces the most sales is called ‘‘El Snoozer.’’ The standard product costs for direct materials are four pieces of metal at

$4.25 each, for direct labor 5 hours at $6.10 per hour; and for factory overhead 5 hours at $3.00 per hour. During the month of April, Sleepie Company purchased 28,000 pieces of direct material at a total cost of $125,000. The equivalent number of beds produced were 4,000 for the month of April. The amount of direct materials requisitioned amounted to 18,000 pieces of metal. The total direct labor cost for April amounted to $139,150 for 23,000 actual direct labor hours. lp5 Required:

Prepare the necessary journal entries to record direct materials and direct labor variances. Assume direct materials price variance is isolated at time of purchase.