Omaha Steaks processes premier beef products. Omaha Steaks set a standard at the beginning of the year that allowed two hours of direct labor for each unit of output. The standard rate for direct labor is $41 per hour. During the year, Omaha processed 62,800 units of beef for the year, of which 5,024 units are in ending finished goods. (There are no work-in-process inventories). Omaha used 130,500 hours of labor. Total direct labor costs paid by Omaha for the year amounted to $4,767,500. Required: a. What was the direct labor price variance? b. What was the direct labor efficiency variance for the year? c. Omaha writes off all variances to Cost of Goods Sold. Prepare the entries to record and close out the variances