Grandscapes is a manufacturer of farge flower pots for urban settings: The company has these standards (Click the icon to view the stanilards) Last month, the company reported the following actual results for the production of 1.900 flover pots: (Cick the icon to viow the actual tesults) (Click the icon to view related variances.) Assume the company uses a standard costaccounting systom. Requirements 1. Pecord Grand Ceramics direct material and direct labot journal entries 2. Record Grand Ceramics' Journal entries for manufacturing overhead. including the entry that records the overheod variances and closes the Vatlable and Ficed Marnuacturing Overhoad account 3. Recoad the joumal entries for the completion and sale of 1.900 flower pots. assuming Grandscapos soid (on account) all of the flower pots at a sales price of 5470 each. (There were no beginning or ending inventories.) Requirement 1. Record Grand Ceramics' dired material and direct labor joumal entries. (ftecerd debits first, then aodita Exclude exlanations lrom any iournal entries Abbreviations used DM = Direct materials, DC = Direct labor) Lefs start by rocording the entry for the purchate of row materials 9 pounds per pot at a cost of $6.00 per Direct materials (resin). pound Direct labor. 3. hours at a cost of $19.00 per hour Standard variable manufacturing overhead rate $8.00 per direct labor hour Budgeted fixed manufacturing overhead .$31,200 Standard fixed MOH rate. .\$6.00 per direct labor hour (DLH) Data table Data table Requirement 1. Record Grand Ceramics' direct material and direct labor joumal entries. (Record debits first, then credits. Exclude explanations from any journal Abbreviations used: DM = Direct materials, DL = Direct labor) Lets start by recording the entry for the purchase of raw materials Requirements 1. Record Grand Ceramics' direct material and direct labor journal entries. 2. Record Grand Ceramics' 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 1,900 flower pots, assuming GrandScapes sold (on account) all of the flower pots at a sales price of $470 each. (There were no beginning or ending inventories.)