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Boss Companys standard cost accounting system recorded this information from its December operations. Standard direct materials cost $ 100,000 Direct materials quantity variance (unfavorable) 3,000
| Boss Companys standard cost accounting system recorded this information from its December operations. |
| Standard direct materials cost | $ | 100,000 |
| Direct materials quantity variance (unfavorable) | 3,000 | |
| Direct materials price variance (favorable) | 500 | |
| Actual direct labor cost | 90,000 | |
| Direct labor efficiency variance (favorable) | 7,000 | |
| Direct labor rate variance (unfavorable) | 1,200 | |
| Actual overhead cost | 375,000 | |
| Volume variance (unfavorable) | 12,000 | |
| Controllable variance (unfavorable) | 9,000 | |
| Required: | |
| 1. | Prepare December 31 journal entries to record the companys costs and variances for the month. |
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