Information on Thurmster Corporation's direct materials costs follows:

Actual quantities of direct materials used		7,500
Actual costs of direct materials used	$	98,550
Standard price per unit of direct materials	$	12.60
Flexible budget for direct materials	$	89,775

Thurmster Corporation has no materials inventories.

Required:
(a)	Compute the direct materials price and efficiency variances for Thurmster Corporation. (Input all amounts as positive values. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Do not round intermediate calculations. Omit the "$" sign in your response.)

Direct materials price variance	$	(Click to select)UNoneF
Efficiency variance	$	(Click to select)NoneUF

(b)	(Appendix) Prepare the journal entries to record the purchase and use of the direct materials using standard costing. (Do not round intermediate calculations. Omit the "$" sign in your response.)

General Journal	Debit	Credit
(Click to select)Materials efficiency varianceCost of goods soldDirect labor price varianceAccounts payableAccounts receivableWork-in-process inventoryMaterials price varianceSales revenue
(Click to select)Work-in-process inventoryAccounts receivableSales revenueMaterials price varianceDirect labor price varianceAccounts payableMaterials efficiency varianceCost of goods sold
(Click to select)Accounts payableMaterials price varianceMaterials efficiency varianceSales revenueWork-in-process inventoryAccounts receivableDirect labor price varianceCost of goods sold
(Click to select)Direct labor price varianceCost of goods soldAccounts payableMaterials quantity varianceAccounts recievableMaterials price varianceMaterials efficiency varianceWork-in-process inventory