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Junior Corn Hole is a small business that Mike Mercado developed while in college. He began building wooden corn hole game sets for friends, hand

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Junior Corn Hole is a small business that Mike Mercado developed while in college. He began building wooden corn hole game sets for friends, hand painted with college colors and logos. As demand grew, he hired some workers and began to manage the operation. Junior Corn Hole maintains two departments, construction and painting. In the construction department, workers use wood to make the game sets. Junior Corn Hole has some employees who have been with the company for a very long time and others who are new and inexperienced Click the icon to view more information) Data table Because of the nature of the wood, workers must work around flaws in the materials. Mike does not store inventory, and buys the wood as he receives an order. Actual and standard data for the construction department for September 2020 are shown below: Actual 50 Game sets produced Direct materials used in production 1.550 sq. ft. of wood $5,500 Actual direct material cost 196 Actual direct manufacturing labor-hours Actual direct manufacturing labor cost $2,965 Standards - Data table w Direct materials used in production 1,550 sq. ft. of wood $5,500 Actual direct material cost 196 Actual direct manufacturing labor-hours Actual direct manufacturing labor cost $2,965 Standards Purchase price of direct materials Direct materials per game set Wage rate in construction department Construction department direct labor hours per $3.90 per sq. ft. of wood 23 sq. ft. of wood $15.00 per hour game set 4 hours Requirements 1. For the construction department, calculate the price and efficiency variances for the wood and the price and efficiency variances for direct manufacturing labor. 2. Record the journal entries for the variances incurred. 3. Discuss logical explanations for the combination of variances that the construction department of Junior Corn Hole experienced

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