Just need help on the ones with the red X.

Direct Materials, Direct Labor, and Overhead Variances, Journal Entries Rand Company produces dry fertilizer. At the beginning of the year, Rand had the following standard cost sheet: Direct materials (8 lbs. @ $1.30) $10.40 Direct labor (0.15 hr. @ $18.00) 2.70 Fixed overhead (0.20 hr. @ $3.00) 0.60 Variable overhead (0.20 hr. @ $1.70) 0.34 Standard cost per unit $14.04 Overhead rates are computed using practical volume, which is 49,000 units. The actual results for the year are as follows: a. Units produced: 53,000 b. Direct materials purchased: 408,000 pounds at $1.32 per pound C. Direct materials used: 406,900 pounds d. Direct labor: 10,500 hours at $17.95 per hour e. Fixed overhead: $36,570 f. Variable overhead: $18,000 5. Prepare journal entries for the following: a. The purchase of direct materials b. The issuance of direct materials to production (Work in Process) c. The addition of direct labor to Work in Process d. The addition of overhead to Work in Process e. The incurrence of actual overhead costs If an amount box does not require an entry, leave it blank. a. Materials 530,400 Direct Materials Price Variance 8,160 Accounts Payable 538,560 b. Work in Process 4,545 X Direct Materials Usage Variance 22,230 Materials 54,545 x f. Prepare journal entries for the closing out of variances to Cost of Goods Sold. Post amounts from highest to lowest. If an amount box does not require an entry, leave it blank. First, close direct materials and direct labor variances: Cost of Goods Sold 54.545 X Direct Materials Usage Variance 22,230 Direct Labor Rate Variance 525 Direct Labor Efficiency Variance 45,900 Direct Materials Price Variance 45,454 X Feedback Second, recognize the overhead variances: Post amounts from highest to lowest. If an amount box does not require an entry, leave it blank. Variable Overhead Control 1,455 Fixed Overhead Spending Variance 114,515 x Fixed Overhead Control 4.770 7,170 Fixed Overhead Volume Variance Variable Overhead Efficiency Variance Variable Overhead Spending Variance 4,335 150 Direct Materials, Direct Labor, and Overhead Variances, Journal Entries Rand Company produces dry fertilizer. At the beginning of the year, Rand had the following standard cost sheet: Direct materials (8 lbs. @ $1.30) $10.40 Direct labor (0.15 hr. @ $18.00) 2.70 Fixed overhead (0.20 hr. @ $3.00) 0.60 Variable overhead (0.20 hr. @ $1.70) 0.34 Standard cost per unit $14.04 Overhead rates are computed using practical volume, which is 49,000 units. The actual results for the year are as follows: a. Units produced: 53,000 b. Direct materials purchased: 408,000 pounds at $1.32 per pound C. Direct materials used: 406,900 pounds d. Direct labor: 10,500 hours at $17.95 per hour e. Fixed overhead: $36,570 f. Variable overhead: $18,000 5. Prepare journal entries for the following: a. The purchase of direct materials b. The issuance of direct materials to production (Work in Process) c. The addition of direct labor to Work in Process d. The addition of overhead to Work in Process e. The incurrence of actual overhead costs If an amount box does not require an entry, leave it blank. a. Materials 530,400 Direct Materials Price Variance 8,160 Accounts Payable 538,560 b. Work in Process 4,545 X Direct Materials Usage Variance 22,230 Materials 54,545 x f. Prepare journal entries for the closing out of variances to Cost of Goods Sold. Post amounts from highest to lowest. If an amount box does not require an entry, leave it blank. First, close direct materials and direct labor variances: Cost of Goods Sold 54.545 X Direct Materials Usage Variance 22,230 Direct Labor Rate Variance 525 Direct Labor Efficiency Variance 45,900 Direct Materials Price Variance 45,454 X Feedback Second, recognize the overhead variances: Post amounts from highest to lowest. If an amount box does not require an entry, leave it blank. Variable Overhead Control 1,455 Fixed Overhead Spending Variance 114,515 x Fixed Overhead Control 4.770 7,170 Fixed Overhead Volume Variance Variable Overhead Efficiency Variance Variable Overhead Spending Variance 4,335 150