please do all the requirements

Requirements:

1. Compute the January 2020 price and efficiency variances of direct materials and direct manufacturing labor.

2. Prepare journal entries to record the variances in requirement 1.

3. Comment on the January 2020 price and efficiency variances of Sullivan Corporation.

4. Why might Sullivan calculate direct materials price variances and direct materials efficiency variances with reference to different points in time?

these are all the datas they provided!

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The Sullvan Corporation manufactures lamps. it has set up the following standards per finished Assume that there was no beginning inventory of eithe drect ratorials or firished units. unit for direct matorials and direct manufacturing labor: During the month, materials purchased arnourted to 90.660lo, at a total cost of (Click the icon to view tho starndarda) $542.820. Input peice variances are inolited upen purchase. Input-efficiency variancos are The number of finished units budgoled for January 2020 was 9,950,9,850 units were actualy isolated at the time of usage. produced. Read the coguirements. (Cilek tho icon to viow actuat data.) Requirement 1. Compute the January 2020 price and efficiency variances of direet materials and drect manufacturng labot. Lets begin by calculating the actual input at the budgeted peice. (Round your answers to the nearest whole dollar.) icon to view actual data.) Read the requirements. 1. Compute th calculating the Standards Direct materials: 10lb. at $5.30 per Ib. Direct manufacturing labor: 0.5 hour at $29 per hour 14.50 Read the requirements actual data.) Actual Data ng labor. Actual results in January 2020 were as follows: Direct manufacturing labor: 4,900 hours $148,225 Requirements 1. Compute the January 2020 price and efficiency variances of direct materials and direct manufacturing labor. 2. Prepare journal entries to record the variances in requirement 1. 3. Comment on the January 2020 price and efficiency variances of Sullivan Corporation. 4. Why might Sullivan calculate direct materials price variances and direct materials efficiency variances with reference to different points in time