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Grandma's Attic Company produces soft pillows made from goose down. The company uses a standard cost system and has set the following standards for materials and labor for each pillow: $25 Feathers from 5 large white geese (5 geese @ $5) Fabric to make pillow cases (3 yards @ $2) 6 Direct labor (5 hours @ $8) 40 Total prime cost $71 During the month, the company produced 1,000 goose down pillows. Actual geese purchased were 5,100 at $4 per goose. Actual fabric purchased was 2,900 yards at $2.10 per yard. There were no beginning or ending inventories of geese or fabric. Actual direct labor was 5,200 hours at $7.75 per hour. Required: A. Determine the total materials price variance and whether it is favorable or unfavorable. $ 4,810 Favorable B. Determine the total materials usage variance and whether it is favorable or unfavorable. 300 Unfavorable C. Determine the labor rate variance and whether it is favorable or unfavorable. 1,300 Favorable D. Determine the labor efficiency variance and whether it is favorable or unfavorable. $ 1,600 Unfavorable E. Make all necessary journal entries to record (1) the purchase of materials, (2) the issuance and usage of materials, and (3) the direct labor variances. For a compound transaction, if an amount box does not require an entry, leave it blank or enter "0". (1) Materials x Materials Price Variance x Accounts Payable x (2) Work in Process Materials Usage Variance III III III. III III III. Materials (3) Accounts Payable x Labor Rate Variance X Work in Process X Labor Efficiency Variance X F. Provide the closing entries. Close unfavorable variances first and favorable variances second. For a compound transaction, if an amount box does not require an entry, leave it blank or enter "0". Cost of Goods Sold Cash X Labor Efficiency Variance III III III III Materials Price Variance Materials Usage Variance X Cash x