Haslett Inc. which produces a single product has prepared the following standar

Haslett Inc. which produces a single product has prepared the following standard cost sheet for one unit of the product.
Direct materials (8 pounds at $2.50 per pound) $20
Direct labor (3 hours at $12.00 per hour) $36 During the month of April the company manufactures 230 units and incurs the following actual costs. Direct materials purchased and used (1900 pounds) $4940
Direct labor (700 hours) $8120 Journalize the entries to record the materials and labor variances. (List multiple debit/credit entries from largest to smallest amount e.g. 10 5 2.) Account/Description Debit Credit (To record materials price variance) (To record materials quantity variance) (To record labor price variance) (To record labor quantity variance)