prepare journal entry to record variances calculated already

Levy Corp. (LC) produces a popular brand of hoodies which it sells to wholesalers at a price of $15 LC uses standard costing and has determined the following standard costs for a budgeted production level of 12,600 units Direct materials Direct Labour Variable MOH 2 metres a $6 per metro 0.25 hours a $20 per DLH 0.25 hours $10 per DLH 0.25 hours @ $12 por DLH Fixed MOH in the most recent month, a total of 11,500 units were produced and sold. Additional information: 1. LC purchased 24.000 metres of direct materials during the month at a total cost of $138,000. It had 2.600 metres on hard at the begining of the month, and it ended the month with 1,500 metres 2. During the month, LC incurred 3050 direct labour hours at a total cost of $62.525 3. The total manufacturing overhoed during the month was $65,000, of which variable manufacturing overhead consisted of $32025. Required: a) Calculate the following variances and note them in th Materials price variance was $ 6,250 Materials quantity variance was $ 12,000 b) Calculate the following variances and note them in th Fixed overhead budget variance was $ 4,525 Fixed overhead volume variance was $3,000