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Chic Design is a manufacturer of large flower pots for urban settings. The company has these standards Requirements 1. 2. Record Elegance's direct material and
Chic Design is a manufacturer of large flower pots for urban settings. The company has these standards Requirements 1. 2. Record Elegance's direct material and direct labor journal entries. Record Elegance's journal entries for manufacturing overhead, including the entry that records the overhead variances and closes the Variable and Fixed Manufacturing Overhead account. Record the journal entries for the completion and sale of 2,000 flower pots, assuming Chic Design sold (on account) all of the flower pots at a sales price of $520 each. (There were no beginning or ending inventories.) Click the icon to view the standards.) Last month, pots: the company reported the following actual results for the production of 2,000 fiower 3. E (Click the icon to view related variances) Assume the company uses a standard cost accounting system
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