Refer to the information in PA10-9 for Catch a Wave. Required: Prepare the journal entries to record
Question:
Refer to the information in PA10-9 for Catch a Wave.
Required:
Prepare the journal entries to record the following for Catch a Wave:
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.
Data from PA10-9
Catch a Wave Company manufactures surfboards. Its standard cost information follows:
Catch a Wave has the following actual results for the month of June:
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