The River Plant of Carlisle, Incorporated produces a particular metal fixture used in aerospace and maritime industries. The following information is available for the last operating month:

• The plant produced and sold 28,980 fixtures for $72 each. Budgeted production was 30,000 fixtures.
• Standard variable costs per fixture follow:

Direct materials: 4 pounds at $4	$ 16.00
Direct labor: 0.1 hours at $40	4.00
Variable production overhead: 0.4 machine-hours at $20 per hour	8.00
Total variable costs	$ 28.00

• Fixed production overhead costs:

Monthly budget $816,000

• Fixed overhead is applied at the rate of $30 per fixture.
• Actual production costs:

Direct materials purchased and used: 106,500 pounds at $4.35	$ 463,275
Direct labor: 2,880 hours at $44.25	127,440
Variable overhead: 12,100 machine-hours at $19.55 per hour	236,555
Fixed overhead	862,000

Required:

a. Prepare a cost variance analysis for each variable cost for the River Plant. b. Prepare a fixed overhead cost variance analysis. c. (Appendix) Prepare the journal entries to record the activity for the last period using standard costing. Assume that all variances are closed to Cost of Goods Sold at the end of the operating period.

Note: Enter debits before credits. Journal entry worksheet B Note: Enter debits before credits. Journal entry worksheet Record the disposition of variances to cost of goods sold. Note: Enter debits before credits. Journal entry worksheet Record the entry for variable overhead applied. Note: Enter debits before credits. Required: a. Prepare a cost variance analysis for each variable cost for the River Plant. b. Prepare a fixed overhead cost variance analysis. c. (Appendix) Prepare the journal entries to record the activity for the last period using standard costing. Assume that all variances ar closed to Cost of Goods Sold at the end of the operating period. Complete this question by entering your answers in the tabs below. Prepare a fixed overhead cost variance analysis. Note: Indicate the effect of each variance by selecting " F " for favorable, or " U " for unfavorable. If there is no effect, do not select either option. Record entry for direct labor costs payable and labor variances. Note: Enter debits before credits. Journal entry worksheet Record the entry for fixed overhead applied. Note: Enter debits before credits. Journal entry worksheet A E FG Record entry to transfer finished goods to inventory. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Prepare a cost variance analysis for each variable cost for the River Plant. Note: Indicate the effect of each variance by selecting "F" for favorable, or " U " for unfavorable. If there is no effect, do not select either option. Journal entry worksheet Note: Enter debits betore credits. Appendix) Prepare the journal entries to record the activity for the last period using standard costing. Assume that all variances are losed to Cost of Goods Sold at the end of the operating period. lote: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record entry for direct material costs payable and material variances. Note: Enter debits before credits. The River Plant of Carlisle, Incorporated produces a particular metal fixture used in aerospace and maritime industries. The following information is available for the last operating month: neyulleu. a. Prepare a cost variance analysis for each variable cost for the River Plant. b. Prepare a fixed overhead cost variance analysis. c. (Appendix) Prepare the journal entries to record the activity for the last period using standard costing. Assume that all variances are closed to Cost of Goods Sold at the end of the operating period. Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet Record the entry for variable overhead payable. Note: Enter debits before credits