Parker Plastic, Inc., manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year follows:

 Standard Quantity Standard Price (Rate) Standard Unit Cost Direct materials (plastic) 12 sq ft. $0.73per sq. ft. $8.76 Direct labor 1.2hr. $11.10 per hr. 13.32 Variable manufacturing overhead 1 .2hr. $1.05 per hr. 1.26 (based on direct labor hours) Fixed manufacturing overhead 0.75 ($765,000  1,020,000 units) 

Parker Plastic had the following actual results for the past year:

Number of units produced and sold 1,120,000 Number of square feet of plastic used 12,880,000 Cost of plastic purchased and used $ 9,144,800 Number of labor hours worked 723,000 Direct labor cost $ 7,338,450 Variable overhead cost $ 831,450 Fixed overhead cost $ 754,000 

Required:

1., 2., 3., & 4. Prepare the journal entry to record Parker Plastic's direct materials, direct labor, variable overhead, fixed overhead costs and related variances. Assume the company purchases raw materials as needed and does not maintain any ending inventories. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

• Record entry for direct materials costs and variances.
• Record entry for direct labor costs and variances.
• Record the entry for variable overhead costs and variances.
• Record the entry for fixed overhead costs and variances.

For each of the following independent cases, fill in the missing amounts: (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Round your per unit rates to 2 decimal places.)

Kevin, Inc. Casey Co. 1,400 2.10 Jess Company 90 Valerie, Inc. 500 0.60 360 171 13.00 $ $ $ Units produced Standard hours per unit Standard hours Standard rate per hour Actual hours worked Actual labor cost Direct labor rate variance Direct labor efficiency variance 8.20 2,800 430 8 2,200 14,400 $ $ S 1,200 35 U $ 700 F | S 5 400 F 686 U | $ 2,600 U