Please do the whole thing! my heros!

Seabright Company has the following production standards: Direct Materials (3 lbs per unit $21 @ $7 per lb) Direct Labor (5 dl hrs per unit 60 @ $12 per dl hr) Variable Overhead (4 machine hrs per unit @ $8 per machine 32 hr) Fixed Overhead (4 machine hrs 24 per unit @ $6 per machine hr*) Total Standard Cost per $137 Finished Unit (*the fixed overhead rate was based on a budgeted production level of 7,000 units) During the current period, 7,500 units were produced. 30,000 pounds of direct materials were purchased on account for $6.80 per pound. 21,800 pounds of direct materials were used in production. 36,400 direct labor hours were used and the actual direct labor rate was $12.20 per direct labor hour. The total actual variable overhead costs (paid in cash) were $246,480 and the actual fixed overhead costs (paid in cash) were $175,000. Actudl machine hours used were 31,200. 6,800 units were sold for $250 per unit cash. Required: In the attached Workpaper #3 1. Compute the 8 production cost variances (2 for direct materials, 2 for direct labor, 2 for variable overhead, and 2 for fixed overhead). 2. Prepare all the required standard costing journal entries for the current period (including the closing of the variance accounts). 3. Compute the gross profit for the period. Workpaper Files in PDF and Excel: E EX M 5 Question 7 Werkpaper I SP SP * AO 1 SP SO Direct Material: 5 . 3 2 8 9 20 Amount of Variance 11 Name of Variance 12 Unfor Fav? 13 14 15 Account Titles GENERAL JOURNAL DR CR 27 18 19 Direct Labor: AO AP AO 1 SP SO SP 26 27 28 JA AZARBAARRRRRRARREBODED 30 31 Amount of Variance 32 Name of Variance 33 Unfor Fav 34 GENERAL JOURNAL DR Account The CR 39 45 Varie Overhead AO AP SP SP Amtof Variance Name of Variance Unto Pay CENTRAL JOURNAL DR ST CR 11 2 0 The Over Actual 39 70 71 22 SO + 20 7 Ament of Variance 76 Name of 72 Unfort 78 70 GINIRALIENAL DR 81 00 Other Journal Entries: GENERAL JOURNAL DR CR Account Titles 15 16 07 OB 09 10 21 12 13 14 115 116 117 118 119 120 Gross Profit for the period