The information shown below was taken from the annual manufacturing overhead cost budget of Swifty Company.

During the year, $4,400$ units were produced, $19,300$ hours were worked, and the actual manufacturing overhead was $$77,680.$ Actual

fixed manufacturing overhead costs equaled budgeted fixed manufacturing overhead costs. Overhead is applied on the basis of direct

labor hours.

$($a$)$

Compute the total, fixed, and variable predetermined manufacturing overhead rates. $($Round answers to $2$ decimal places, e$.$g$.1\mathrm{.}25.)$Sunland Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product.

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Direct materials $(8$ pounds at $$2\mathrm{.}60$ per pound$)$ $$20\mathrm{.}80$

Direct labor $(5$ hours at $$12\mathrm{.}00$ per hour$)$ $$60\mathrm{.}00$

During the month of April, the company manufactures $190$ units and incurs the following actual costs.

Direct materials purchased and used $(1,590$ pounds$)$ $$4,293$

Direct labor $(960$ hours$)$ $$11,136$

Journalize the entries to record the materials and labor variances. $($List all debit entries before credit entries. Credit account titles are

automatically indented when amount is entered. Do not indent manually.$)$

Account Titles and Explanation

Credit

$($To record materials price variance$)$

$($To record materials quantity variance$)$

$($To record labor price variance$)$

$($To record labor quantity variance$)$