Maple Leaf Production manufactures truck tires. The following information is available for the last operating period. - Maple Leaf produced and sold 93,000 tires for $36 each. Budgeted production was 97,000 tires. - Standard variable costs per tire follow. \begin{tabular}{lrr} Direct materials: 4 pounds at $2.00 & $8.00 \\ Direct labor: 0.35 hours at $15.00 & 5.25 \\ Variable production overhead: 0.10 machine-hours at $15 per hour & 1.50 \\ Total variable costs & $14.75 \\ \hline \hline \end{tabular} - Fixed production overhead costs: Monthly budget $1,458,000 - Fixed overhead is applied at the rate of $16.00 per tire. - Actual production costs: Required: a. Prepare a cost variance analysis for each variable cost for Maple Leaf Productions. b. Prepare a fixed overhead cost variance analysis. c. (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. Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare a cost variance analysis for each variable cost for Maple Leaf Productions. (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.) \begin{tabular}{|l|l|l|l|l|l|l|} \hline & \multicolumn{2}{|c|}{ Direct Materials } & \multicolumn{2}{|c|}{ Direct Labor } & \multicolumn{2}{|c|}{ Variable Overhead } \\ \hline Actual costs & $674,900 & & & & & \\ \hline Actual inputs at standard price & & & & & & \\ \hline Flexible budget & $74,400 & & & & & \\ \hline Price variance & & & & & & \\ \hline Efficiency variance & & & & & & \\ \hline Cost variance & & & & & & \\ \hline \end{tabular}