Topline Surf Boards manufactures a single product. The standard cost of one unit of this product is as follows: Direct materials: 2 metres at $3 per metre Direct labour: 1 hour at $4.50 per hour Variable manufacturing overhead: 1 hour at $3 per hour Fixed manufacturing overhead: 1 hour at $5 per hour Total standard variable cost per unit $ 6.00 4.50 3.00 S.ee $ 18.5e During October 6,000 units were produced. Selected data relating to the month's production follow $ 57,000 Materials purchased: 2e,vee metres at $2.85 per metre Materials used in production: 12,658 metres Direct labours ? hours at $? per hour Variable manufacturing overhead cost incurred Variable manufacturing overhead efficiency variance Denominator level of activity for October Fixed manufacturing overhead budget variance $ 27,950 $ 29,475 $ 1,500 6, 200 hours 1,800 There was no beginning inventory of raw materials. The variable and fixed manufacturing overhead rates are based on direct labour- hours b. Prepare journal entries to record activity for October View transaction list Journal entry worksheet 1 2 Record the materials price variance. Note: Enter debits before credits. Event General Journal Debit Credit 1 b. Prepare journal entries to record activity for October. View transaction list Journal entry worksheet