{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-29T15:15:11-04:00", "answer_date": "2024-05-29 15:15:11", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1892110", "url": "\/study-help\/questions\/10-11-12-13-question-5-the-following-standard-costs-1892110", "question_creation_date_js": "2024-05-29T15:15:11-04:00", "question_creation_date": "May 29, 2024 03:15 PM", "meta_title": "[Solved] 10 11 12 13 Question 5 The following stan | SolutionInn", "meta_description": "Answer of - 10 11 12 13 Question 5 The following standard costs per unit, of one product, have been taken from the records of Bahr | SolutionInn", "meta_keywords": "10,11,12,13,question,5,standard,costs,per,unit,one,product", "question_title_h1": " 10 11 12 13 Question 5 The following standard costs per unit, of one product, have been taken from the records of Bahrain Company:", "question_title": " 10 11 12 13 Question 5 The following standard costs per", "question_title_for_js_snippet": "10 11 12 13 Question 5 The following standard costs per unit, of one product, have been taken from the records of Bahrain Company Direct materials 4 kgs at $6 per kg Direct labor 2 hours at $20 per hour Actual data for last month Direct labor hours 44,000 Direct labor rate per hour $18 FB Direct material price $8 per kg Required Direct materials purchased 200,000 kgs (a) Compute the price and efficiency variances for direct materials and direct labor Direct material price variance to be calculated at the time of purchase (5 m (b) Prepare the journal entries to record the price and efficiency variances for direct materials and direct labor (5 marks) For the toolbar, press ALT F10 (PC) or ALT FN F10 (Mac) Units produced 20,000 Direct materials used 70,000 kgs A I X BIUS Paragraph v Arial V 10pt XX, v r O", "question_description": "\"image", "transcribed_text": "10 11 12 13 Question 5 The following standard costs per unit, of one product, have been taken from the records of Bahrain Company: Direct materials 4 kgs at $6 per kg Direct labor 2 hours at $20 per hour Actual data for last month: Direct labor hours: 44,000 Direct labor rate per hour: $18 FB Direct material price: $8 per kg Required: Direct materials purchased: 200,000 kgs (a) Compute the price and efficiency variances for direct materials and direct labor. Direct material price variance to be calculated at the time of purchase. (5 m (b) Prepare the journal entries to record the price and efficiency variances for direct materials and direct labor (5 marks) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). Units produced: 20,000 Direct materials used: 70,000 kgs A I X BIUS Paragraph v Arial V 10pt XX, - v r O", "related_book": { "title": "Managerial Accounting An Introduction to Concepts Methods and Uses", "isbn": "1111822239, 324639767, 9781111822231, 978-0324639766", "edition": "10th Edition", "authors": "Michael W. Maher, Clyde P. Stickney, Roman L. Weil", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/137.jpg", "uri": "\/textbooks\/managerial-accounting-an-introduction-to-concepts-methods-and-uses-10th-edition-137", "see_more_uri": "" }, "free_related_book": { "isbn": "B01LMAZ5X8", "uri": "\/textbooks\/pennsylvania-place-names-the-pennsylvania-state-college-studies-in-history-and-political-science-no-1-college-series-no-1-1st-edition-b01lmaz5x8-264272", "name": "Pennsylvania Place Names The Pennsylvania State College Studies In History And Political Science No 1 College Series No 1", "edition": "1st Edition" }, "question_posted": "2024-05-29 15:15:11", "see_more_questions_link": "\/study-help\/questions\/business-banking-2021-September-12", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/introduction-to-programming\/histogram-suppose-that-the-standard-input-stream-is-a-sequence-1256679", "description": "Histogram. 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