The Smith Company uses a standard cost accounting system and estimates production for the year to be 60,000 units. At this volume, the company's variable overhead costs are $.50 per direct labor hour.The company's single product has a standard cost of $30.00 per unit. Included in the $30.00 is $13.20 for direct materials and $12.00 of direct labor. Production information for the month of March follows:

• Number of units produced 4,500
• Materials purchased (13,300 yards) $61,600
• Materials used in production (yards) 13,300
• Variable overhead costs incurred $4,380
• Fixed overhead costs incurred $20,400
• Direct labor cost incurred ($6.25/hour) $57,750

Required: Prepare the journal entries to record the following:
a. Purchase and use of direct materials (Assume materials are used as purchased and no inventory is maintained).
b. Recognition of direct labor.
c. Incurring actual overhead
d. Application of overhead to production.
e. Closing of overhead accounts and recognizing variances.
f. Transferring production to finished goods.