Hi, I need Accounting help please

Materials Variances, Journal Entries Esteban Products produces instructional aids, including white boards, which use colored markers instead of chalk. These are particularly popular for conference rooms in educational institutions and executive offices of large corporations. The standard cost of materials for this product is 14 pounds at $7.00 per pound. During the first month of the year, 3,216 boards were produced. Information concerning actual costs and usage of materials follows: Materials purchased Materials used 38,000 lbs$8.35 37,500 lbs Required: 1. Compute the materials price and usage variances. If required, round your final answers to the nearest cent. Materials price$ variance Unfavorable Materials usage $ variance Favorable 2. Prepare journal entries for all activity relating to materials. Record the Materials Price Variance first, followed by the Materials Usage Variance. If an amount box does not require an entry, leave it blank. If required, round your answers to the nearest cent