Comprehensive Piedmont Manufacturing produces metal products with the following standard quantity and cost information: $16 24 112 Direct Material Aluminum 4 sheets @ $4 Copper 3 sheets @ $8 Direct labor 7 hours @ $16 Variable overhead 5 machine hours @ $6 30 Fixed overhead 5 machine hours @ $4 20 Overhead rates were based on normal monthly capacity of 10,800 machine hours. During November, the company produced only 1530 units because of a labor strike, which occurred during union contract negotiations. After the dispute was settled, the company scheduled overtime to try to meet regular production levels. The following costs were incurred in November: Material sheets purchased Aluminum 7,200 @ $3.80 Used 6,300 sheets sheets purchased Copper 5,400 @ $8.40 Used 4,680 sheets Direct Labor hours @ $16 (pre-contract Regular time 9,360 settlement) hours @ $17 (post-contract Regular time 1620 settlement) Variable Overhead $41,940 (based on 7,515 machine hours) Fixed Overhead $33,930 (based on 7,515 machine hours) a. Determine the following variances for November Note: Do not use negative signs with your answers. a. Total material price variance $ 0 b. Total material usage (quantity) variance $ 0 C. Labor rate variance $ 0 d. Labor efficiency variance $ 0 e. Variable overhead spending variance $ 0 f. Variable overhead efficiency variance $ 0 g. Fixed overhead spending variance $ . g. Fixed overhead spending variance $ 0 h. Volume variance $ 0 + 1. Budget variance $ 0 b. Prepare the journal entries to record the standard costing information for November. Note: Record any multiple debits or any multiple credits in alphabetical order by account name. Account Debit Credi 0 0 0 To record aluminum price variance 0 . 0 0 To record copper price variance 0 0 . 0 To record aluminum quantity variance Account Debit Cred . 0 0 0 To record aluminum price variance 0 0 0 To record copper price variance 0 0 0 To record aluminum quantity variance 0 . O 0 To record copper quantity variance . 0 0 > 0 > 0 To record labor variances 0 . . . O O 0 To record variable overhead variances 0 0 0 0 To record fixed overhead variances