Please can you answers 1 thru 5 if unable to answer all the sections.

Thanks.

MISSOURI CORP ...manufactures widgets, The materials used for the widgets are inexpensive, but the process is very labor intensive The supervisor decided to use cheaper labor this period to see whether costs could be reduced. You have been asked to prepare a report about how effective operations had been during the month of October. The following standards have been established in connection with the production of one widget (standard costs per unit): Cost per unit Direct mateials Direct labor Factory overhead 3 lbs. 5 hrs $12 per b- $15 per hr $75 Variable Fixed $3 per direct labor hr $4 per direct labor hr ($20 per unit) $15 $20 Overhead (fxed and variable) is applied on the basis of direct labor hours. Estimated production for the month was 8,000 widgets, or 40,DD0 labor hours. During October, the company actually produced 7,800 widgets and the records showed the following 3,100 bs 23,100 bs 40,100 hours $1480 $1260 Cirect materials purchased Direct materials used Direct labor Variabe overhead Fixed overhead Nobe: The quantty purchased was exacdly equal to the quantity used $119,000 $180000 REQUIRED: 1. Assume the company uses normal costing, Record the journal entries for direct materials [T-accounts preferred); a) b) Record the actual purchase of materials Record the usage of materials 2. Prepare a simple and meaningful performance report variance reportl for direst materials AND direct labor showing: (A picture would be just fine) a) The total budget variance b) The flexible budget variance (Standard Cost Variance) c) The volume variance 3, NOW ASSUME that the company has chosen to use astandard costing system to record all inventory at standard, show the entries needed (written AND T-accounts) as follows