Cred Journalire the incurrance and assignment of direct labor costs, including the related variances Prowe single compound many Date Accounts and Explanation Debt Jul Work Pro inventory 26.334 Direct Labor Code 61.000 Directory Varice 1,660 Wages Payable 34.000 olabor continued Requirement Formandching overed compute the variable overhead cost and convenience and featured con volume van Begin with the variable overhead coat and any vines Select the required for compute the loves could every www car is twentowy calation to four decimal places XXX and your final www to the whole tot COOHfestat e 10 VOH tweed) Formula V VOH Col Varance VOH Call Check answer E Homework: Chapter 23 Homework he manufactures coffee mugs that it sells to other companies for customizing with their own logos xible budgets and uses a standard cost system to control manufacturing costs. The standard unit based on static budget volume of 60,000 coffee mugs per month: Click the icon to view the cost data.) 3,135 Jul. 635 Work-in-Process Inventory Direct Materials Efficiency Variance Raw Materials Inventory 2,500 Used direct materials lated variances. (Prepa Credit 34,000 Journalize the incurrance and as: Date Accounts (AC-SC) AQ Jul. Work-in-Process Inv Direct Labor Cost Va (AC-SC) SQ Direct Labor Efficien (AQ - SQ) * SC Wages Payable Direct labor costs inc (AQ - SQ) * AC Requirement 3. For manufacturi Actual FOH - Allocated FOH Begin with the variable overhead calculations to four decimal place Actual FOH - Budgeted FOH overhead.) Bugeted FOH - Allocated FOH VOH Cost variance VOH efficiency variance cost and efficiency varianc ired formulas, compute the rest whole cpilar. Abbrevia Variance Help me solve this Demodocs example Get more help- a. There were no beginning or ending inventory balances. All expenditures were on account. b. Actual production and sales were 62,700 coffee mugs. C. Actual direct materials usage was 10,000 lbs. at an actual cost of $0.17 per Ib. d. Actual direct labor usage was 200,000 minutes at a total cost of $34,000. e. Actual overhead cost was $9,000 variable and $31,500 fixed. f. Selling and administrative costs were $123,000. $ $ 0.05 0.42 Direct Materials (0.2 lbs @ $0.25 per lb) Direct Labor (3 minutes @ $0.14 per minute) Manufacturing Overhead: Variable (3 minutes @ $0.06 per minute) Fixed (3 minutes @ $0.15 per minute) $ 0.18 0.45 0.63 $ 1.10 Total Cost per Coffee Mug