Please complete requirements 2,3,4, and 5! Do not only answer what is shown in the picture, please answer the whole problem.

Kyler manutactures colfee mugs that it sels to other companies for customiaing with thair own logos. Kyler prepares flexible budgets and uses a standard cost systom to control manufacturing costs. The standard unt cost of a coffee mug is based on static budget volume of 50,900 cotfee mugs per month: (Click the icon to view the cost data.) the last line of the journal entry table.) Begin by journalizing the purchase of frect materials, heluding the related varlance. (Propare a single compound journal entry) Requirements Data table 1. Compuse the cost and elliobncy variances for direct matarials and direct Inbor. 2. Journalize the purchase and usoge of direct materials and the assignment of direct labor, including the related variances. 3. For manutacturing overhead, compute the variable overhead cost and efficiency variances and the foxed overtvead cost and volurve variances. 4. Joumalise the actual manufacturing overhead and the allocated manufacturing overhead. Journalite the movement of all production costs from Work-in: Process Ifventocy. Jeumakre the adjusting of the Marntacturing Overhead aocount. 5. Ifyer insentionally hiked more highy skilled workers during Jily. How did this decision affect the cost yariances? Overall, was the dechion wise? More info a. There were no beginieing or ending inventory tulances. Al eupendares woie on acoosit. b. Actual peoduction and ales were 62.600 coffee mug? c. Actuai direct maserla's usige was 10.000 tbs. at an actual cost of 10.17 per b d. Actual dirnct latior usoge was 199,000 minutes at a total cost of 531,840 . e. Actual overhead cost was $3,960 variable and $36,9000 foed. f. Seling and adminitrative costs wore $120.000