The following budgeted information is available for Test Company:
Direct Material	$ 3.00	per ounce	5	ounces per unit
Direct Labor	$ 18.00	per hour	30	minutes per unit
Variable Cost	$ 2.00	per machine hour	1.5	machine hours per unit
Batch-Variable	$ 9,600	total	400	batches produced
Batch-Fixed	$ 8,200	total
Budgeted sales	24,000	units
Budgeted selling price	$ 40.00	per unit
Actual Results for the Period
Units produced & sold	26,000
Unit selling price	$ 37.00
Materials purchased	135,000	ounces	$418,500	total
Materials used	132,000	ounces
Direct labor used	12,500	hours	$ 231,250	total
Variable overhead cost	$ 75,075
Machine hours used	38,500	hours
Batch-variable overhead	$ 10,790
# of Batches produced	415	batches

Required:
Calculate the material variances

Required:
Prepare the journal entries to record the material variances.

Required: