Problem 14.49 (Algo) Standard Costs in Process Costing; All Varionces and Journal Entries [LO 14-3, 14 . 5] Dash Company adopted a standard costing system several years ago. The standard costs for the prime costs (l.e, direct materials and direct labon) of its single product are: All materials are added at the beginning of processing. The following data were taken from the company's records for November Required: 1. Compute for November a. The direct labor efficiency vanance is this variancen favorable (F) of unfavorable (M)? b. The diect labor rate vorionce is this vartance favorable (F) or unfavorable (U)? c. The actual number of kilograets of mulenal used in the production process during the month d The actual price poid per kilogram of materisi during the month, the company cakculotes the direct materials paice varfance at point of purchase. Q. The arnount of direct materials cost and diect labor cost translerred to the Finshed Goods inventory account it The total amount of direct materiolis cost and direct labor cost in the Work in Process inventory account at the end of the month 2. Prepare journal entries to record all tramaction, induding the variances in requirenent 1 Complete this question tow entering your mowers in the tats below. r. Computh for noyerneer