ces Parker Plastic, Inc., manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year follows: Direct materials (plastic) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($378,000 900,000 units) Standard Quantity Standard Price (Rate) 12 sq ft. $ 0.72 per sq. ft. Standard Unit Cost $8.64 0.25 hr. $12.20 per hr. 3.05 8.25 hr. $ 1.20 per hr. 0.30 0.42 Check my Parker Plastic had the following actual results for the past year: Number of units produced and sold Number of square feet of plastic used Cost of plastic purchased and used i Number of labor hours worked Direct labor cost Variable overhead cost Fixed overhead cost 1,000,000 11,800,000 $ 8,260,000 245,000 $ 2,891,000 318,500) $ $ 355,000 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 < 1 2 3 4 Record entry for direct materials costs and variances..