Chic Design is a manufacturer of large flower pots for urban settings. The company has these standards: (Click the icon to view the standards.) Last month, the company reported the following actual results for the production of 2,100 flower pots: (Click the icon to view the actual results.) (Click the icon to view related variances.) Assume the company uses a standard cost accounting system. Requirements 1. Record Ceramics Etc.'s direct material and direct labor journal entries. 2. Record Ceramics Etc.'s journal entries for manufacturing overhead, including the entry that records the overhead variances and closes the Variable and Fixed Manufacturing Overhead account. 3. Record the journal entries for the completion and sale of 2,100 flower pots, assuming Chic Design sold (on account) all of the flower pots at a sales price of $530 each. (There were no beginning or ending inventories.) Requirement 1. Record Ceramics Etc.'s direct material and direct labor journal entries. (Record debits first, then credits. Exclude explanations from any journal entries. Abbreviations used: DM = Direct materials, DL = Direct labor) Let's start by recording the entry for the purchase of raw materials. Date Journal Entry Accounts Help me solve this Video Get more help Debit Credit Data table Direct materials (resin) Direct labor..... Standard variable manufacturing overhead rate ...... Budgeted fixed manufacturing overhead. Standard fixed MOH rate. 8 pounds per pot at a cost of $4.00 per pound .5.0 hours at a cost of $21.00 per hour . $2.00 per direct labor hour $70,500 $7.00 per direct labor hour (DLH) Print Done Clear all Check answer