Compute for the following on the photo given.

Pressure Reducers, Inc., produces and sells ergonomic computer keyboard trays that telescope and adjust to accommodate any user's needs. In 2010, the company planned to produce and sell 15,000 trays. However, only 14,500 trays were actually produced and sold during the year. Beginning Work in Process and Finished Goods Inventories had zero balances. The company uses the following standard cost card in its standard costing system. Total cost/unit Direct material Direct labor Variable overhead Fixed overhead Standard quantity/unit 10 pounds 5 direct labor hours 5 direct labor hours 5 direct labor hours Standard price P5 per pound 8 per DLH 7 per DLH 12 per DLH P50.00 P40.00 P35.00 P60.00 P185.00 Actual costs incurred during 2010 were as follows. Direc als purchased and used (133,400 pounds @ 5.25 per pound) Direct labor cost incurred (79.750 direct labor hours @ 7.80 per hour) Variable overhead costs incurred Fixed overhead incurred 700,350 622,050 533,600 2,771,000 Compute for the standard costs and variances. 1 Prepare the journal entries to record the purchase and use of direct materials. 2 Prepare the journal entry to record the use of direct labor. 3 Prepare the journal entry to record the application of variable overhead to production. 4 Prepare the journal entry to record actual variable overhead costs incurred. 5 Prepare the journal entries to record the variable overhead variances. 6 Prepare the journal entry to record the application of fixed overhead to production