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Bemer Company produces a dark chocolate candy bar. Recently, the company ad apted the following standards for one bar af the candy: Direct materials (

Bemer Company produces a dark chocolate candy bar. Recently, the company ad apted the following standards for one bar af the candy:
Direct materials (8.30 oz. Af $0.09) $0.75
Direct labor & $18.00
Standard prime cost
$2.01
During the first week nf operation, the company experienced the following actual resu ts:
a. Ears produced: 142,000.
b. Ounces af direct materials purchased: 1,17B,900 ounces at 50,0B per ounce.
c. There are no beginning or ending inventeries of direct materiats.
d. Dirert Labor: 9,800 hours at $17.20.
Required:
Instructions for parts 1 and 2, If a variance is zero, enter "0" and select "Not applicable" from the drop down bax.
Compute prite and usape variances for direct malerials.
Materials Price Variance
Materials Usage Variance
2. Compute the rate varlance and the effidency varianca for direct labor.
Labor Rate Variance
Labor Efficiency Variance
3. Prepare the journal entries associated with direct materials and dinect labor. If an amount box does not require an entry, leave it blank.
Record purchase of materials
2
14
Record purchase of naterials
Record usage of materials
es
8.q,
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