Dash Company adopted a standard costing system several years ago. The standard costs for the prime costs (i.e., direct materials and direct labor) of its single product are

All materials are added at the beginning of processing. The following data were taken from the company's records for November:

Required:

1. Compute for November (show calculations):

a. The labor efficiency variance.

b. The labor rate variance.

c. The actual number of kilograms of material used in the production process during the month.

d. The actual price paid per kilogram of material during the month.

e. The amount of direct material cost and direct labor cost transferred to the Finished Goods account.

f. The total amount of direct material and direct labor cost in the Work-in-Process Inventory account at the end of November.

2. Prepare journal entries to record all transactions including the variances in requirement 1.

Material Labor (8 kilograms X $5.00/kg) (6 hours X $18.20/hr.) $ 40.00 109.20 In-process beginning inventory In-process ending inventory Units completed Budgeted output Purchases of materials Total actual direct labor costs Actual direct labor-hours Materials usage variance Total materials variance None 800 Units, 75% complete as to direct l 5,600 Units 6,000 Units 50,000 Kilograms $600,000 36,500 Hours $1,500 Unfavorable $750 Unfavorable