PLEASE answer A-E I'll immediately give a positive rating! Thanks. All standard costing.

A. Actual production is 18,000 units 110,000 pounds of material were purchased for $5.80 per pound. 94,000 pounds of material were used in production.

What is the direct material price variance?

Favorable or unfavorable?

What is the direct material quantity variance?

Favorable or unfavorable?

What are the standard costing journal entries for purchasing direct materials on account and the use of direct materials? Be sure to indicate what's debited and credited.

B. Actual production was 18,000 units. 160,000 direct labor hours were incurred and the actual labor rate paid was $17.50 per direct labor hour.

What is the direct labor rate variance?

Favorable or unfavorable?

What is the direct labor efficiency variance?

Favorable or unfavorable?

Give the journal entries for the incurrence of direct labor costs and the assignment of the direct labor costs.

C. Actual production was $18,000 units. The total actual variable overhead costs were $650,000 and the total fixed overhead costs were $700,000 all paid in cash. 74,000 machine overhead hours were used.What is the variable overhead rate variance?

What is the variable overhead rate variance?

Favorable or unfavorable?

What is the variable overhead efficiency variance?

Favorable or unfavorable?

Give the journal entries for the incurrence of actual variable overhead costs and the assignment of variable overhead costs to production and the closing of the overhead account?

D. Actual production was $18,000 units. The total actual variable overhead costs were $650,000 and the total fixed overhead costs were $700,000 all paid in cash. 74,000 machine overhead hours were used.

What is the fixed overhead spending variance?

Favorable or unfavorable?

What is the fixed overhead volume variance?

Favorable or unfavorable?

Give the journal entries for the incurrence of the fixed overhead costs, the assignment of the fixed overhead costs to production, and the closing of the overhead account

E. If 18,000 units were produced. 25,000 units were sold for $510 cash. Give the standard costing journal entries to record completed production, record sales, and close the variance accounts.

What amount of gross profit will be recorded on the income statement under standard costing?

Now that the variance accounts have been computed, what should the factory manager do next? Why is the fixed overhead volume variance referred to as non controllable? And list two advantages of standard costing.