Parker Plastic, Inc., manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year follows: Standard Standard Quantity Standard Price (Rate) Unit Cost Direct materials (plastic) 12 sq ft. $ 0.63 per sq. ft. $ 7.56 Direct labor 0.3 hr. $10. 20 per hr. 3.06 Variable manufacturing overhead (based on direct labor hours) 0.3 hr. $ 0.60 per hr. 0. 18 Fixed manufacturing overhead ($252, 000 : 840,000 units ) 0.30 Parker Plastic had the following actual results for the past year: Number of units produced and sold 940, 900 Number of square feet of plastic used 10, 810, 900 Cost of plastic purchased and used $ 6, 594, 100 Number of labor hours worked 183, 900 Direct labor cost 1, 775, 100 Variable overhead cost to to tA 128, 100 Fixed overhead cost 232, 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.)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.) View transaction list Journal entry worksheet 2 3 4 > Record entry for direct materials costs and variances. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general journalView transaction list Journal entry worksheet Record the entry for variable overhead costs and variances. Note: Enter debits before credits. Transaction General Journal Debit Credit 3 Record entry Clear entry View general journalView transaction list Journal entry worksheet