Comme de Home Insert Data Review View Search Help | Arial BIU. Page Layout Formulas - 10 AA = A . = Wap Text Merge & Center - Number $ % Share AutoSum A7 D Sort & Find & Clear Filter - Select Editing Insert Delete Format Ideas & Conditional Format as Cell Formatting Table Styles Number Styles Cells Alignment pboard Font 1 NO Note: Write formulas for all solutions. Provide sufficient detail so I can understand what you Problem #1: Standard Costing are doing. This will help me give you partial credit. Email questions to me through canvas You were recently hired as a cost accountant for Procter & Gamble, a manufacturer of household products. The Please do not add rows or columns to the spreadsheet. You may show your work to the night firm uses a standard cost system to control costs. One of the products manufactured is Detergent XZ which is a of column 1 Do not add numbers into column 1 White formulas for all solutions, leading laundry detergent in the US. The main ingredient in Detergent X that helps the washing process work better is propylene glycol. The ingredient is purchased as a dry powder and mixed with water to produce the final product, which is sold in one-gallon containers Standard Actual standard Actual 1,490,000 1,680,000 Price per pound 10 production and sales (gallons of detergent) propylene glycol (pounds) 788.000 995,000 Quantity per pound $1,049.600 propylene glycol (SS) $1,078, 800 # of galons $1.490,000 12 $1,680.000 $2.130,000 DL cost 13 $1,940,000 70.066 65 541 DL hours Problem #1 Problem # 2 4:07 P1 4/21/20 2000 FGLE B H A = Merge & Center - $ % 968 Clipboard Font Alignment Conditional Forma Formatting Table Styles Number 185 x for A B C D 7 product, which is sold in one gallon containers. E F G H I Standard Actual production and sales (gallons of detergent) 1,490,000 1,680,000 Price per pou propylene glycol (pounds) 788,000 995,000 Quantity per po propylene glycol ($) $1,049,600 $1,078,800 # of galons DL cost $2,130,000 $1,940,000 DL hours 70,066 65,541 fixed manufacturing OH (cost driver = DL cost) $1,450,000 $1,630,000 17 (1) Provide the journal entries for the purchase of the propylene glycol. Assume the quantity purchased 18 is equal to the quantity used in production (2 points) Problem #1 Problem #2 ce Wiap lexi Paste Number E Merge & Center - $ . % 98 Insert BIU - E - QA Font s x Clipboard 185 Conditional Format as Cell Formatting Table Styles Styles Alignment Number 16 17 (1) Provide the journal entries for the purchase of the propylene glycol. Assume the quantity purchased 18 is equal to the quantity used in production (2points) Propylen glycol inventory Propylen glycol spending variance Account payable (2) Provide the journal entry for the release of propylene glycol to production (2 points) WIP inventory $1,078,800 $1.078.800 Propylene glycol efficiency variance Problem #1 Problem #2 1 e bp 9