Parker Plastic, Incorporated, manufactures plastic mats to use with rolling office chairs, Its standard cost information for last year follows: Required: 1., 2., 3., \& 4. Prepare the journal entry to record Parker Plastic's direct materials, direct labor, varlable overhead, and fixed overhead costs and related variances. Assume the company purchases raw materials as needed and does not maintain any ending inventorles. For fixed overhead transactions, assume overhead is applied based on budgeted production. Note: If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Journal entry worksheet Record entry for direct materials costs and variances. Note: Finter debits before credits. Parker Plastic, Incorporated, manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year follows: Required: 1., 2., 3., \& 4. Prepare the journal entry to record Parker Plastic's direct materials, direct labor, variable overhead, and fixed overhead costs and related variances. Assume the company purchases raw materlals as needed and does not maintain any ending inventories. For fixed overhead transactions, assume overhead is applied based on budgeted production. Note: If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account fieid. Journal entry worksheet Record entry for direct labor costs and variances. Hote: Enter debits before credits. Parker Plastic, Incorporated, manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year follows: Required: 1., 2., 3., \& 4. Prepare the journal entry to record Parker Plastic's direct materials, direct labor, variable overhead, and fixed overhead costs and related variances. Assume the company purchases raw materials as needed and does not maintain any ending inventories. For fixed overhead transactions, assume overhead is applied based on budgeted production. Note: If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Journal entry worksheet Record the entry for variable overhead costs and variances. Noce: Enter debits before oredits. Parker Plastic, Incorporated, manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year follows: Required: 1., 2, 3., \& 4. Prepare the journal entry to record Parker Plastic's direct materials, direct labor, varlable overhead, and fixed overhead costs and related varlances. Assume the company purchases raw materials as needed and does not maintain any ending inventories. For fixed overhead transoctions, assume overhead is applied based on budgeted production. Note: If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Journal entry worksheet
