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

• Maple Leaf produced and sold 90,000 tires for $41 each. Budgeted production was 94,000 tires.
• Standard variable costs per tire follow.
• Fixed production overhead costs:

• Monthly budget $1,415,000

• Fixed overhead is applied at the rate of $16.00 per tire.
• Actual production costs:

• Direct materials purchased and used: 380,000 pounds at $1.70	$	646,000
  Direct labor: 30,000 hours at $18.30		549,000
  Variable overhead: 18,500 machine-hours at $11.30 per hour		209,050
  Fixed overhead		1,416,000

  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.

Direct materials: 4 pounds at $2.00	$	8.00
Direct labor: 0.35 hours at $18.00		6.30
Variable production overhead: 0.20 machine-hours at $11 per hour		2.20
Total variable costs	$	16.50

Complete this question by entering your answers in the tabs below. Required A Required B Required 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.) Direct Materials Direct Labor Variable Overhead Actual costs Actual inputs at standard price Flexible budget Price variance Efficiency variance Cost variance F > U U U F U C | >> F U 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 Complete this question by entering your answers in the tabs below. Required A Required B Required 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. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) No Event General Journal Debit Credit