Journal entries to write off variances (price and efficiency) for DM & DL?

1 DM standard Direct manufacturing labor standard 10 square yards 5 hours $5 per yard $10 per hour 2 4 2nd qtr company made 1,500 curtains and used 14,000 square yards of fabric costing 68,600. Direct labor totaled 7,600 hours for $79,800 Curtains Square yards Fabric cost DL total hours DL Cost 1,500 14,000 $68,600 7,600 $79.800 $4.90 $ per unit 10 $10.50 $ per hour 11 12 DM price variance DM materials efficiency variance DM price and efficient variances for the quarter $1,400.00 Favorable $5,000 Favorable If negative unfavorable, if positive favorable 13 14 15 16 17 18 DL price variance DL efficiency variance -$3,800 Unfavorable -$1,000 Unfavorable 19 Prepare journal entries to write off variance for DM and DL