Boss Companys standard cost accounting system recorded this information from its December operations.

Standard direct materials cost	$	100,000
Direct materials quantity variance (unfavorable)		3,000
Direct materials price variance (favorable)		500
Actual direct labor cost		90,000
Direct labor efficiency variance (favorable)		7,000
Direct labor rate variance (unfavorable)		1,200
Actual overhead cost		375,000
Volume variance (unfavorable)		12,000
Controllable variance (unfavorable)		9,000

Required:
1.	Prepare December 31 journal entries to record the companys costs and variances for the month.