Boss Company's standard cost accounting system recorded this information from its December operations. $113,000 3,700 650 85,800 6,800 1,200 375,000 11,500 9,000 Standard direct materials cost Direct materials quantity variance (unfavorable) Direct materials price variance (favorable) Actual direct labor cost Direct labor efficiency variance (favorable) Direct labor rate variance (unfavorable) Actual overhead cost Volume variance (unfavorable) Controllable variance (unfavorable) Required 1. Prepare December 31 journal entries to record the company's costs and variances for the month. Record the materials costs, including the unfavorable quantity and favorable price variances. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record the direct labor costs, including the favorable efficiency variance and unfavorable rate variance. ote: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record the overhead costs, including the unfavorable volume and unfavorable controllable variances. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31