Dash Compony adopted a standard costing system severel years ago. The standard costs for the prime costs (i.e direct materials end direct labor) of its single product are: see,e material Labor (7 kilograms (S hours SS.g kilogram) 518.40 per hour) $35. ae 92.e All materials ere added ot the beginning of processing. The following date were token from the company's records for November: In-process beginning inventory In-process ending inventory Units completed Budgeted output Purchases of materials Total actual direct labor Actual direct labor hours materials usage variance Total materials variance Required: 1. Compute for November: costs 833 S, 733 6, lae 51, 29, 80 e I, 6ae 58 e None units, 7B complete as to direct labor units units kilograns hours Unfavorable Unfavorable o_ The direct labor efficiency variance. Is this variance favorable (F) or unfavorable (U)? b. The direct labor rete variance. Is this variance favorable (F) or unfavorable (ld)? c. The actual number of kilograms of materiel used in the production process during the month. d. The actual price paid per kilogram of materiel during the month, the compony calculates the direct materials price variance at point of purchase. e. The amount of direct materials cost end direct labor cost transferred to the Finished Goods Inventory account f. The total omount of direct materials cost end direct labor cost in the Work-in-Process Inventory account at the end ofthe month. 2. Prepare journal entries to record all transactions, including the variances in requirement 1.