McLelland Fabricators has two departments, Machining and Assembly. When good are completed in the Machining department, they are transferred to the Assembly Department, and when completely assembled, they are transferred to the finished goods warehouse. There was no beginning or ending inventory in either department in February.

Other information for February is as follows:

Actual costos: Machining Assembly Total

Direct materials used in production $54,000 $78,000 $132,000

Direct labor used in production 82,000 37,000 119,000

Factory Overhead n/a n/a 105,000

Standard costs:

Direct Mat. for actual production 51,000 77,000 128,000

Dir Lab for actual production 84,000 34,000 118,000

Factory overhead applied 81,000 24,000 105,000

Variances:

Material price variance 7,000 U 2,000 F 5,000 U

Material quantity variance 4,000 F 3,000 U 1,000 F

Labor rate variance 1,500 F 1,800 U 300 U

Labor efficiency variance 500 F 1,200 U 700 U

Requirements:

1) Journal entries for the issuance of direct material to production and the recording of the materials variances.

2) Journal entries for the use of direct labor in production and the recording of the labor variances.

3) Journal entries to record the actual and applied factory overhead (use "various credits" if necessary)

4) Journal entries to transfer the production cost from the Machining department to the Assembly department and from the Assembly department to finished goods.

As in the book.

Please show all calculations. Thanks