Hurren Corp. makes a product with the following standard costs per unit of output: Standard Quantity Standard Price Direct materials 4.4 grams $8 per gram Direct labor 0.7 hours $19 per hour The company reported the following results concerning this product in June: Master budget output 6,600 units Actual output 6,500 units Purchases of raw materials 31,800 grams Raw materials used in production 28,380 grams Actual price of raw materials purchased $8.10 per gram Actual labor hours 4,500 hours Actual labor rate $19.90 per hour The labor rate variance for June is:

1tanner invested $135,000 cash along with office equipment valued at $32,400 in the company in exchange for common stock. 2 the company prepaid $7,200 cash for 12 months’ rent for office space. (hint: debit prepaid rent for $7,200.) 3 the company made credit purchases for $16,200 in office equipment and $3,240 in office supplies. payment is due within 10 days. 6 the company completed services for a client and immediately received $2,000 cash. 9 the company completed a $10,800 project for a client, who must pay within 30 days. 13 the company paid $19,440 cash to settle the account payable created on april 3. 19 the company paid $6,000 cash for the premium on a 12-month insurance policy. (hint: debit prepaid insurance for $6,000.) 22 the company received $8,640 cash as partial payment for the work completed on april 9. 25 the company completed work for another client for $2,640 on credit. 28 the company paid $6,200 cash in dividends. 29 the company purchased $1,080 of additional office supplies on credit. 30 the company paid $700 cash for this month’s utility bill. prepare general journal entries to record these transactions. 2. post the journal entries from part 1 to the ledger accounts.