please check my journal entries as:

part A, B, I : doesnt offer the choice "Materials quantity variance"

part B: doesn't offer "labor rate variance"

part C: doesn't offer " overhead controlable variance" or "production volume variance" or "factory overhead control"

part D: does an offer "factory overhead control or factory overhead payable"

part I: not sure correct until i know the correct Termanology for the above

The standard cost sheet for Chambers Company, which manufactures one product, follows.

Direct materials, 40 yards at $2.00 per yard $80

Direct labor, 5 hours at $20 per hour 100

Factory overhead applied at 80% of direct labor 80

(variable costs = $60; fixed costs $20)

Variable selling and administrative 64

Fixed selling and administrative 40

Total unit costs $ 364

Standards have been computed based on a master budget activity level of 28,800 direct labor-hours per month. Actual activity for the past month was as follows.

Materials used 228,000 yards at $2.05 per yard

Direct labor 25,200 hours at $20.40 per hour

Total factory overhead $444,000

Production 5,000 units

Assume there are no beginning inventories or ending inventories. All production was sold for $2,375,000.

Required:

Prepare the journal entries to record the activity for the last month using standard costing. Assume that all variances are closed to Cost of Goods Sold at the end of the month. (If no entry is required for a transaction/event, select "No journal entry require" in the first account field.)

The standard cost sheet for Chambers Company, which manufactures one product, follows. $ 80 100 Direct materials, 40 yards at $2.00 per yard Direct labor, 5 hours at $20 per hour Factory overhead applied at 80% of direct labor (variable costs - $69; fixed costs - 520) Variable selling and administrative Fixed selling and administrative Total unit costs 89 64 40 364 Standards have been computed based on a master budget activity level of 28,800 direct labor-hours per month. Actual activity for the past month was as follows Materials used Direct labor Total factory overhead Production 228,000 yards at $2.05 per yard 25,209 hours at $20.40 per hour $444,000 5,000 units Assume there are no beginning inventories or ending inventories. All production was sold for $2,975.000 Required: Prepare the journal entries to record the activity for the last month using standard costing Assume that all variances are closed to Cost of Goods Sold at the end of the month (if no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Work-in-process inventory Materials price variance Materials efficiency variance Accounts payable 400,000 11.400 56,000 487.400 B 2 500,000 Work-in-process inventory Direct labor price variance Materials efficiency variance Wages payable 10,080 4,000 514,080 C 3 Work-in-process inventory Variable overhead (applied) Fixed overhead production volume variance Fixed overhead (applied) 400.000 28,800 15,200 444,000 D D 4 444,000 Fixed overhead (actual) Accounts payable 444,000 E 5 No journal entry required TI F 8 1,300,000 Finished goods inventory Work-in-process inventory 1,300,000 G 7 Accounts receivable 2,375,000 Sales revenue 2,375,000 H 8 1.300.000 Cost of goods sold Finished goods inventory 1,300.000 9 125.480 11,400 Cost of goods sold Materials price variance Materals efficiency variance Direct labor price variance Materals efficiency vanance Variable overhead (applied Fixed overhead production volume variance 58,000 10,080 4,000 28.800 15.200