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 $46 each. Budgeted production was 94,000 tires.
• Standard variable costs per tire follow:

Direct materials: 4 pounds at $3.00	$	12.00
Direct labor: 0.55 hours at $19.00		10.45
Variable production overhead: 0.23 machine-hours at $15 per hour		3.45
Total variable costs	$	25.90

• Fixed production overhead costs:

Monthly budget $1,380,000

• Fixed overhead is applied at the rate of $16 per tire.
• Actual production costs:

Direct materials purchased and used: 385,000 pounds at $1.80	$	693,000
Direct labor: 45,000 hours at $19.30		868,500
Variable overhead: 22,000 machine-hours at $15.30 per hour		336,600
Fixed overhead		1,396,000

Required:

a. Prepare a cost variance analysis for each of the variable costs 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.)

b. 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.)

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.)