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Parker Plastic, Inc., manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year follows: Standard Standard Price Quantity (Rate) 12 sq ft. $ 0.75 per sq. ft. 1.4 hr. $11.30 per hr. 1.4 hr. $ 1.15 per hr. Standard Unit Cost $ 9.00 15.82 Direct materials (plastic) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($901,000 + 1,060,000 units) 1.61 0.85 Parker Plastic had the following actual results for the past year: Number of units produced and 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 1,160,000 13, 340,000 $ 9,738,200 865,000 $ 8, 866,250 $ 1,081,250 $ 892,000 Required: 1., 2., 3., & 4. Prepare the journal entry 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 Journal entry worksheet Record entry for direct materials costs and variances. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general Journal Journal entry worksheet Record entry for direct labor costs and variances. Note: Enter debits before credits. General Journal Debit Credit Transaction 2 Record entry Clear entry View general journal Journal entry worksheet Record the entry for variable overhead costs and variances. Note: Enter debits before credits. Transaction General Journal Debit Credit 3 Record entry Clear entry View general Journal Journal entry worksheet Record the entry for fixed overhead costs and variances. Note: Enter debits before credits. General Journal Debit Credit Transaction 4 Record entry Clear entry View general journal