Parker Plastic, Incorporated, 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	square foot	$ 0.70	per square foot	$ 8.40
Direct labor	1	hour	$ 10.90	per hour	10.90
Variable manufacturing overhead (based on direct labor hours)	1	hour	$ 0.95	per hour	0.95
Fixed manufacturing overhead ($637,000 980,000 units)					0.65

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

Number of units produced and sold	1,080,000
Number of square feet of plastic used	12,420,000
Cost of plastic purchased and used	$ 8,445,600
Number of labor hours worked	589,000
Direct labor cost	$ 5,919,450
Variable overhead cost	$ 618,450
Fixed overhead cost	$ 624,000

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.

A)Record entry for direct materials costs and variances.

B)Record entry for direct labor costs and variances.

C)Record the entry for variable overhead costs and variances.

D) Record the entry for fixed overhead costs and variances.