Can you also check if my answers for question 1 are correct?

Flexible Budget, Standard Cost Variances, T-Accounts Ingles Company manufactures external hard drives. At the beginning of the period, the following plans for production and costs were revealed: Units to be produced and sold 25,000 Standard cost per unit: Direct materials $ 10 Direct labor 8 Variable overhead 4 Fixed overhead 3 Total unit cost Tal . $ 25 During the year, 24,800 units were produced and sold. The following actual costs were incurred: Direct materials Direct labor Variable overhead $263,872 204,352 107,340 73,908 Fixed overhead There were no beginning or ending inventories of direct materials. The direct materials price variance was $9,672 unfavorable. In producing the 24,800 units, a total of 12,772 hours were worked, 3 percent more hours than the standard allowed for the actual output. Overhead costs are applied to production using direct labor hours. Required: Instructions for parts 1 and 2: If a variance is zero, enter "0" and select "Not applicable" from the drop down box. 1. Prepare a performance report comparing expected costs to actual costs. Ingles Company Performance Report Cost Items Actual Costs Budgeted Costs Variance Direction Direct materials 263,872 248,000 13,872 Unfavorable Direct labor 204,352 198,400 5,952 Unfavorable Variable overhead 107,310 99,200 8,110 Unfavorable Fixed overhead 73,908 75,000 1,092 Favorable 649,442 625,000 24,442 Unfavorable 2. Determine the following. If a variance amount is zero, enter "0" and select "Not applicable" from the drop-down list. a. Direct materials usage variance Unfavorable b. Direct labor rate variance c. Direct labor usage variance d. Fixed overhead spending and volume variances Spending variance $ Volume variance e. Variable overhead spending and efficiency variances Variable overhead spending variance Variable overhead efficiency variance $1 3. Use T-accounts to show the flow of costs through the system. In showing the flow, you do not need to show detailed overhead variances. Show only the over- and underapplied variances for fixed and variable overhead. Record the following transactions in the T-accounts: If an amount is zero, enter "0". (a) purchase of materials, (b) issuance of materials into production, (c) incurrence of direct labor cost, (d) application of variable overhead cost to production, (e) application of fixed overhead cost to production, (f) transfer of finished goods to finished goods inventory, (9) sale of goods, (h) closure of Direct Materials Price Variance account, (i) closure of Direct Materials Usage Variance account, 6) closure of Direct Labor Efficiency Variance account, (k) closure of Variable Overhead Control account, and (1) closure of Fixed Overhead Control account. Enter these transactions in the T-accounts in the same order that they are presented here. Materials Work in Process Finished Goods Finished Goods Direct Materials Price Variance Direct Materials Usage Variance Accounts Payable Wages Payable Direct Labor Rate Variance Direct Labor Efficiency Variance Variable Overhead Control Fixed Overhead Control Cost of Goods Sold