Financial and Managerial Accounting: P23-35 Assume Daniels has created a standard cost card

Financial and Managerial Accounting 
P23-35 Calculating materials and labor variances and preparing journal entries 
This continues the Daniels Consulting situation from Problem P22-57 of Chapter 22. 
Assume Daniels has created a standard cost card for each job. Standard direct materials per job include 10 software packages at a cost of S900 per package. Standard direct labor costs per job include 105 hours at S100 per hour. 
Daniels plans on completing 12 jobs during March 2018. 
Actual direct materials costs for March included 90 software packages at a total cost of S81,450. Actual direct labor costs included 110 hours per job at an average rate of S107 per hour. Daniels completed all 12 jobs in March. 

1. Calculate direct materials cost and efficiency variances. 
2. Calculate direct labor cost and efficiency variances. 
3. Prepare journal entries to record the use of both materials and labor for March for the company.
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