(On the information given, there is a typo on "Variable overhead" it should be Variable Overhead (0.15 hr @ $1.70). I need help with the wrong answers.

Direct Materials, Direct Labor, and Overhead Variances, Journal Entries Rand Company produces dry fertilizer. At the beginning of the year, Rand had the following standard cost sheet: Direct materials (8 lbs. @ $1.25) $10.00 Direct labor (0.15 hr. @ $18.00) 2.70 Fixed overhead (0.20 hr. @ $3.00) 0.60 Variable overhead (0.20 hr. @ $1.70) 0.34 Standard cost per unit $13.64 Overhead rates are computed using practical volume, which is 49,000 units. The actual results for the year are as follows: a. Units produced: 53,000 b. Direct materials purchased: 408,000 pounds at $1.32 per pound c. Direct materials used: 406,900 pounds d. Direct labor: 10,500 hours at $17.95 per hour e. Fixed overhead: $36,570 f. Variable overhead: $18,000 Required: 1. Compute price and usage variances for direct materials. $ MPV Unfavorable 28,560 $ MUV Favorable 21,375 2. Compute the direct labor rate and labor efficiency variances. Labor Rate Variance 525 Favorable Labor Efficiency Variance 45,900 Unfavorable 3. Compute the fixed overhead spending and volume variances. Spending Variance 7,170 Unfavorable Volume Variance 2,400 Favorable 4. Compute the variable overhead spending and efficiency variances. Spending Variance 150 Unfavorable Efficiency Variance 4,335 Unfavorable 5. Prepare journal entries for the following: a. The purchase of direct materials b. The issuance of direct materials to production (Work in Process) c. The addition of direct labor to Work in Process d. The addition of overhead to Work in Process e. The incurrence of actual overhead costs If an amount box does not require an entry, leave it blank. 510,000 0 a. Materials Direct Materials Price Variance Accounts Payable 28,560 0 0 538,560 b. Work in Process 530,000 0 Direct Materials Usage Variance 21,375 Materials 0 508,625 X 143,100 0 c. Work in Process Direct Labor Efficiency Variance Direct Labor Rate Variance 45,900 0 0 525 Wages Payable 0 188,475 d. Work in Processor 45,315 0 0 13,515 Variable Overhead Control Fixed Overhead Control 0 31,800 18,000 0 e. Variable Overhead Control Fixed Overhead Control 36,570 0 Various Accounts 0 54,570 f. Prepare journal entries for the closing out of variances to cost of Goods Sold. Post amounts from highest to lowest. If an amount box does not require an entry, leave it blank. First, close direct materials and direct labor variances: Cost of Goods Sold - 52.560 Direct Materials Usage Variance 21,375 Direct Labor Rate Variance 525 Direct Labor Efficiency Variance 0 28,560 X 45,900 x Direct Materials Price Variance Feedback 0 0 Second, recognize the overhead variances: Post amounts from highest to lowest. If an amount box does not require an entry, leave it blank. Variable Overhead Control 7,170 x Fixed Overhead Spending Variance 150 x 0 Fixed Overhead Control 4,335 x 0 Fixed Overhead Volume Variance 2,400 x Variable Overhead Efficiency Variance 4,770 X Variable Overhead Spending Variance 4,485 x 0 0 0 Feedback Third, close the overhead variances: Post amounts from highest to lowest. If an amount box does not require an entry, leave it blank. Fixed Overhead Volume Variance 9,255 x x 0 Variable Overhead Efficiency Variance 2,400 x Variable Overhead Spending Variance 150 0 Cost of Goods Sold 0 4,335 X Fixed Overhead Spending Variance 7,170 X Direct Materials, Direct Labor, and Overhead Variances, Journal Entries Rand Company produces dry fertilizer. At the beginning of the year, Rand had the following standard cost sheet: Direct materials (8 lbs. @ $1.25) $10.00 Direct labor (0.15 hr. @ $18.00) 2.70 Fixed overhead (0.20 hr. @ $3.00) 0.60 Variable overhead (0.20 hr. @ $1.70) 0.34 Standard cost per unit $13.64 Overhead rates are computed using practical volume, which is 49,000 units. The actual results for the year are as follows: a. Units produced: 53,000 b. Direct materials purchased: 408,000 pounds at $1.32 per pound c. Direct materials used: 406,900 pounds d. Direct labor: 10,500 hours at $17.95 per hour e. Fixed overhead: $36,570 f. Variable overhead: $18,000 Required: 1. Compute price and usage variances for direct materials. $ MPV Unfavorable 28,560 $ MUV Favorable 21,375 2. Compute the direct labor rate and labor efficiency variances. Labor Rate Variance 525 Favorable Labor Efficiency Variance 45,900 Unfavorable 3. Compute the fixed overhead spending and volume variances. Spending Variance 7,170 Unfavorable Volume Variance 2,400 Favorable 4. Compute the variable overhead spending and efficiency variances. Spending Variance 150 Unfavorable Efficiency Variance 4,335 Unfavorable 5. Prepare journal entries for the following: a. The purchase of direct materials b. The issuance of direct materials to production (Work in Process) c. The addition of direct labor to Work in Process d. The addition of overhead to Work in Process e. The incurrence of actual overhead costs If an amount box does not require an entry, leave it blank. 510,000 0 a. Materials Direct Materials Price Variance Accounts Payable 28,560 0 0 538,560 b. Work in Process 530,000 0 Direct Materials Usage Variance 21,375 Materials 0 508,625 X 143,100 0 c. Work in Process Direct Labor Efficiency Variance Direct Labor Rate Variance 45,900 0 0 525 Wages Payable 0 188,475 d. Work in Processor 45,315 0 0 13,515 Variable Overhead Control Fixed Overhead Control 0 31,800 18,000 0 e. Variable Overhead Control Fixed Overhead Control 36,570 0 Various Accounts 0 54,570 f. Prepare journal entries for the closing out of variances to cost of Goods Sold. Post amounts from highest to lowest. If an amount box does not require an entry, leave it blank. First, close direct materials and direct labor variances: Cost of Goods Sold - 52.560 Direct Materials Usage Variance 21,375 Direct Labor Rate Variance 525 Direct Labor Efficiency Variance 0 28,560 X 45,900 x Direct Materials Price Variance Feedback 0 0 Second, recognize the overhead variances: Post amounts from highest to lowest. If an amount box does not require an entry, leave it blank. Variable Overhead Control 7,170 x Fixed Overhead Spending Variance 150 x 0 Fixed Overhead Control 4,335 x 0 Fixed Overhead Volume Variance 2,400 x Variable Overhead Efficiency Variance 4,770 X Variable Overhead Spending Variance 4,485 x 0 0 0 Feedback Third, close the overhead variances: Post amounts from highest to lowest. If an amount box does not require an entry, leave it blank. Fixed Overhead Volume Variance 9,255 x x 0 Variable Overhead Efficiency Variance 2,400 x Variable Overhead Spending Variance 150 0 Cost of Goods Sold 0 4,335 X Fixed Overhead Spending Variance 7,170 X