The following labor variance analysis was performed for Goldman. Requirement 1. Record Goldmans direct labor journal entries.
Question:
The following labor variance analysis was performed for Goldman.
Requirement
1. Record Goldman’s direct labor journal entries.
Transcribed Image Text:
Actual Rate X Actual Hours Standard Rate Actual Hours Standard Rate X Standard Hours Allowed $13 x 1,550 $ 20,150 = $15 x 1,550 = $23,250 $15 1,300 = $19,500 Price Variance $3,100 F Efficiency Variance $3,750 U
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Related Book For
Financial And Managerial Accounting
ISBN: 9780135080191
2nd Edition
Authors: Charles T Horngren, Jr Walter T Harrison
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