R Company produces dry fertilizer. At the beginning of the year, R had the following standard cost sheet:

Overhead rates are computed using practical volume, which is $54,000$ units. The actual results for the year are as follows:

a$.$ Units produced: $53,000$

b$.$ Direct materials purchased: $265,000$ pounds @ $$2\mathrm{.}50$ per pound

c$.$ Direct materials used: $270,200$ pounds

d$.$ Direct labor: $40,100$ hours at $$17\mathrm{.}95$ per hour

e$.$ Fixed overhead: $$161,700$

f$.$ Variable overhead: $$122,000$

Required:

$1.$ Compute price and usage variances for direct materials.

$2.$ Compute the direct labor rate and labor efficiency variances.

$3.$ Compute the fixed overhead spending and volume variances.

$4.$ Compute the variable overhead spending and efficiency variances.

$5.$ Prepare journal entries for the following:

a$.$The purchase of direct materials

b$.$The issuance of direct materials to production $($Work in Process$)$

c$.$The addition of direct labor to Work in Process

d$.$The addition of overhead to Work in Process

e$.$The incurrence of actual overhead costs