Refer to the information in PB10-1 for CandleGlow.

Required:

Prepare the journal entry to record the following for CandleGlow:

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 PB10-1

CandleGlow, Inc., manufactures scented pillar candles. Its standard cost information for the month of February follows:

CandleGlow has the following actual results for the month of February:

Transcribed Image Text:

Direct costs Wax Direct labor Variable manufacturing overhead Fixed manufacturing overhead ($10,000/40,000 units) Standard Quantity Standard Price (Rate) Standard Unit Cost 15 oz. $ 0.05 per oz. $0.75 0.25 hr. 14.00 per hr. 3.50 0.40 per direct labor hour 0.10 0.25