Maple Leaf produced and sold 91,000 tires for $44 each. Budgeted production was 100,000 tires. Standard variable costs per tire follow. Direct materials: 4 pounds at $2.00 Direct labor: 0.30 hours at $18.00 Variable production overhead: 0.30 machine-hours at $20 per hour Total variable costs $ 8.00 5.40 6.00 $19.40 Fixed production overhead costs: Monthly budget $1,550,000 Fixed overhead is applied at the rate of $15.50 per tire. Actual production costs: $ Direct materials purchased and used: 383,000 pounds at $1.90 Direct labor: 25,500 hours at $18.30 Variable overhead: 28,000 machine-hours at $20.30 per hour Fixed overhead 727,700 466,650 568,400 1,560,000 Required: a. Prepare a cost variance analysis for each variable cost for Maple Leaf Productions. b. Prepare a fixed overhead cost variance analysis. E. (Appendix) Prepare the journal entries to record the activity for the last period using standard costing. Assume that all variances are closed to cost of goods sold at the end of the operating period. Complete this question by entering your answers in the tabs below. Required A Required B Required C .................... Prepare a fixed overhead cost variance analysis. (Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.) Total fixed overhead cost variance (Appendix) Prepare the journal entries to record the activity for the last period using standard costing. Assume that all variances are closed to cost of goods sold at the end of the operating period. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet A B C D E F G H ..... > Record entry for direct material costs payable and material variances. Note: Enter debits before credits. Event General Journal Debit Credit Record entry Clear entry View general journal