10 Homework You received partial credit in the previous attempt Aquafont Corporation manufactures rafts for use in swimming pools. The standard cost for material and laboris $89 20 craft This includes 8 kilograms of direct material at a standard cost of $5.00 per kilogram, and 6 hours of direct laborat 58.20 per hout the following data pertain to November Work-in-process inventory on November 1 none. . Work in process inventory on November 30: 800 units (75 percent complete as to labor, material is issued at the beginning of processing) Units completed: 5,600 units. Purchases of materials: 50,000 kilograms for $249,250. Total actual labor costs: $300,760. Actual hours of labor: 36,500 hours. Direct-material quantity variance: $1,500 unfavorable. Required: 1. Compute the following amounts a. Direct labor rate variance for November, b. Direct labor efficiency variance for November c. Actual kilograms of material used in the production process during November d. Actual price paid per kilogram of direct material in November e. Total amounts of direct-material and direct labor cost transferred to Finished Goods Inventory during November The total amount of direct material and direct labor cost in the ending balance of Work in Process Inventory at the end of November 2. Prepare journal entries to record the following: a. Purchase of raw material and rate variance. . Adding direct material to Work in Process Inventory and efficiency variance Adding direct labor to Work in Process Inventory and labor variances Complete this question by entering your answers in the tabs below