Beachfront Corp. determines that the following variances arose in

production during October:

Variance

Materials price.................

Materials quantity..............

Labor efficiency................

Labor rate......................

Factory overhead efficiency.....

Factory overhead spending.......

Amount

$2,400 Unfav.

1,000 Fav.

500 Fav.

750 Fav.

850 Unfav.

2,100 Unfav.

Materials purchases totaled $90,000, while $77,000 in materials were

taken from inventory for use in production.

Labor payroll totaled $144,000, and actual overhead incurred was

$256,000.

REQUIRED: Prepare journal entries to record the above variances.