Aquafloat Corporation manufactures rafts for use in swimming pools. The standard cost for material and labor is $81.00 per raft. This includes 8 kilograms of direct material at a standard cost of $4.00 per kilogram, and 7 hours of direct labor at $7.00 per hour. The following data pertain to November:

Work-in-process inventory on November 1: none.

Work-in-process inventory on November 30: 880 units (75 percent complete as to labor; material is issued at the beginning of processing).

Units completed: 6,000 units.

Purchases of materials: 50,400 kilograms for $199,080.

Total actual labor costs: $330,480.

Actual hours of labor: 45,900 hours.

Direct-material quantity variance: $2,000 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. f. 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. b. Adding direct material to Work-in-Process Inventory and efficiency variance. c. Adding direct labor to Work-in-Process Inventory and labor variances.

REQ 1.Compute the direct-labor rate variance for November. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (i.e., zero variance). Round intermediate calculations to 2 decimal places.)

	Direct-labor rate variance

REQ 1b.

compute the direct-labor efficiency variance for November. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (i.e., zero variance).)

Direct-labor efficiency variance

REQ 1c.

Compute the actual kilograms of material used in the production process during November.

	Actual quantity

REQ 1d. Compute the actual price paid per kilogram of direct material in November. (Round your answer to 3 decimal places.)

	Actual price

REQ 1e. Compute the total amounts of direct-material and direct-labor cost transferred to Finished-Goods Inventory during November.

Direct-material cost transferred
Direct-labor cost transferred
Total cost transferred	$0

REQ 1f. Compute the total amount of direct-material and direct-labor cost in the ending balance of Work-in-Process Inventory at the end of November.

Direct-material
Direct-labor
Total cost in ending work-in-process inventory

REQ 2. Prepare journal entries to record the above transactions: (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round your intermediate calculations.)

Journal entry worksheet

a. Record the purchase of direct material on account and the direct-material purchase price variance.

b. Record the addition of direct-material cost to work-in-process inventory and the direct-material quantity variance.

c. Record the addition of direct-labor cost to work-in-process inventory and the direct-labor variances.