Refer to the information in PA 10-5 for Darting Around Company.

Required:

Prepare the journal entry to record the following for Darting Around:

1. Direct materials costs and related variances. Assume the company purchases raw materials as needed and does not maintain any ending inventories.

2. Direct labor and related variances.

3. Variable overhead costs and related variances.

Data from PA10-5

Darting Around Company manufactures dartboards. Its standard cost information follows:

Darting Around has the following actual results for the month of September:

Transcribed Image Text:

Direct costs Cork board Direct labor Variable manufacturing overhead Fixed manufacturing overhead ($20,000/80,000 units) Standard Quantity Standard Price (Rate) Standard Unit Cost 2.5 sq. ft. $ 2.00 per sq. ft. $ 5.00 1 hr. 14.00 per hr. 14.00 .50 per direct labor hour 0.50 0.25