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Please answer all of the questions and show work! Starts Inc. produces a product for which the standard specifies 4 yards of material per unit.

Please answer all of the questions and show work!

Starts Inc. produces a product for which the standard specifies 4 yards of material per unit. The standard price of one yard of material is $22.60. During the month, 7,700 products were manufactured, using 32,000 yards at a cost of $21.50. Determine the:

(a) direct materials price variance

(b) direct materials quantity variance

(c) total direct materials cost variance.

(d) perform the journal entries to record the variances.

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