6 Parker Plastic, Inc., manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year follows: Standard Quantity 12 sq ft. 0.3 hr. Direct materials (plastic) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($252,000 = 840,000 units) 4.68 points Standard Standard Price (Rate) Unit Cost $ 0.63 per sq. ft. $ 7.56 $10.20 per hr. 3.06 $ 0.60 per hr. 0.18 0.3 hr. Skipped 0.30 COD Hint Parker Plastic had the following actual results for the past year: Number of units produced and sold Number of square feet of plastic used Cost of plastic purchased and used Number of labor hours worked Direct labor cost Variable overhead cost Fixed overhead cost 940,000 10,810,000 $ 6,594,100 183,000 $ 1,775,100 $ 128,100 $ 232,000 Required: 1., 2., 3., & 4. Prepare the journal to record Parker Plastic's direct materials, direct labor, variable overhead, fixed overhead costs and related variances. Assume the company purchases raw materials as needed and does not maintain any ending inventories. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list X 1 Record entry for direct materials costs and variances. > 2 Record entry for direct labor costs and variances. 3 Record the entry for variable overhead costs and variances. 4 Record the entry for fixed overhead costs and variances. Credit