This is an accounting assignment on standard costing.

You have a business manufacturing snarky masks for hipster wannabes. You produce these masks in batches of 100. Each mask has the following manufacturing standards {i.e., budgets}: Direct materials 0.5 yards of $TD.DD per yard material Direct labor 2.2 Direct $21.00 per Direct Labor Hours Labor Hour There is no beginning or ending inventogy for WIP and Finished Goods. You have We purchase any during the month, During October 2020 you made 11 batches of masks [100 masks in each batch) and spent;r usediincurred the following: Yards of material 600 yards $40,538 in total Direct labor 2,400 DLH $51,340 in total REQUIRED: a) Prepare an analysis of actual direct production costs for March compared to Budget- adjusted-for-output [Flex Budget]. Identify the usage? efficiency and priceirate variances. b] Record journal entries to record the use of direct materials and direct labor, (Post costs to WiP first, then transfer ad of MP to Finished Goods. Transfer of? of Finished Goods to COGS - (pretend there are no indirect manufacturing costs) remember there is no beginning or ending inventory for Ma\" or Finished Goods. J c} Prepare the adjusting journal entry to close all of the variances to COGS. cl} Ferd is responsible for buying your direct materials. Did he do a "good" job in March? Why? e} Franny is in charge of the use of the direct materials. Did she do a "good\" job in March with regards to material usage? Why? i} Franny is also in charge of the use of direct labor. Did she do a \"good" job in March with regards to labor usageiefficiency? Why? g} Futz sets hourly wage rates for the direct labor. Did he do a "good" job in March? Why