Variances and Journal Entries Jacobs accounts for all inventories and cost of goods sold at standard cost and records each variance in a separate account. The following data relate to May when $17,700$ finished units were produced. Record these entries using standard costs and include the appropriate materials variances.

$\backslash$table$[[$General Journal$],[$Description$,,$Debit,Credit$],[$Work in process inventory,$,0,0],[$Materials price variance,,$0,0],[,$hat$(),0,0],[$To record the purchase of dir,,,$],[,$hat$(*),0,0],[,*,0,0],[$Materials inventory,,$0,0],[$To record the use of direct m$,,,]]$

$\backslash$table$[[$General Journal$],[$Description$,,$Debit,Credit$],[$Work in process inventory,,$0,0],[,>,0,0],[,=,0,0],[$Wages payable,,$0,0],[$To record direct labor costs,,,$]]$

$\backslash$table$[[$General Journal,,$],[$Description$,$Debit,Credit$],[$Work in process inventory,$0,0],[$Variable overhead spending variance,$0,0],[$To record actual and standard overhead costs,$0,0]]$