Maple Leaf Production manufactures truck tires. The following information is available for the last operating period.

• Maple Leaf produced and sold 95,000 tires for $45 each. Budgeted production was 99,000 tires.
• Standard variable costs per tire follow.

Direct materials: 4 pounds at $2.00	$	8.00
Direct labor: 0.40 hours at $18.50		7.40
Variable production overhead: 0.25 machine-hours at $14 per hour		3.50
Total variable costs	$	18.90

• Fixed production overhead costs:

Monthly budget $1,400,000

• Fixed overhead is applied at the rate of $15.00 per tire.
• Actual production costs:

Direct materials purchased and used: 384,000 pounds at $1.70	$	652,800
Direct labor: 36,500 hours at $18.80		686,200
Variable overhead: 25,000 machine-hours at $14.50 per hour		362,500
Fixed overhead		1,401,000

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.

View transaction list Journal entry worksheet 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 Required B Required )