Dash Company adopted a standard costing system several years ago. The standard costs for the prime costs (ie, direct materials and direct labor) of its single product are: Material Labor (kilograma 36.00 per kilogras) (7 hours $10.00 per hour) $ 40.00 126.00 All materials are added at the beginning of processing. The following data were taken from the company's records for November: th-cens beginning inventory tn-proors ending inventory Uita completed udgeted output Purchases of materials Total setul direct labor costa Actual direct labor hours Materials shage variance Total starials Varie None 900 unita, 70 open to direct Labot 6,000 unita 6,400 units 54.000 kilogram $.950.000 45.000 hours 2,100 Unfavorable 750 Ustavorable Required: 1. Compute for November a. The direct labor efficiency variance is this variance favorable (F) or unfavorable (U? b. The direct labor rate variance is this variance favorable (P) or unfavorable (UN? c. The actual number of kilograms of material used in the production process during the month d. The actual price paid per kilogram of material during the month, the company calculates the direct materials price variance or paint of purchase e. The amount of direct materials cost and direct labor cost transferred to the Fished Goods Inventory account The total amount of direct materials cost and direct labor cost in the Work in Process Inventory account at the end of the month 2. Prepare journal entries to record al transactions, including the variances in requirement Complete this question by entering your answers in the tabs below. Required Required 1.Compute for November a. The direct labor efficiency variance, Is this variance favorable (F) or unfavorable (U) ts. The direct labor rate variance this variance favorable (F) or unfavorable (0) c. The actual number of kilograms of material used in the production process during the month d. The actual price paid per biogram of material during the month, the company calculates the direct materials price variance at point of purchase. (Found your answer to decimal places e. The amount of direct materials cost and direct labor cost transferred to the finished Goods Inventary account, The total amount of direct materials cost and direct labor cost in the Work--Process Inventory account at the end of the month Show less Required 1 Required 2 1. Compute for November: a. The direct labor efficiency variance. Is this variance favorable (F) or unfavorable (0)2 b. The direct labor rate variance. Is this variance favorable (F) or unfavorable (U)? c. The actual number of kilograms of material used in the production process during the month d. The actual price paid per kilogram of material during the month, the company calculates the direct materials price varlance at point of purchase. (Round your answer to 3 decimal places.) e. The amount of direct materials cost and direct labor cost transferred to the finished Goods Inventory account The total amount of direct materials cost and direct labor cost in the Work-In-Process Inventory account at the end of the month. Show less 23 3 a. Direct laborene variance b. Direct labore G. Mal kilogram d. Actual propeld per kilogram of material Nountered to finished goods inventory 1 Ending Inventory standard coat 1410 Lavorable 6.000 Favorable 55.2006 1.200 AS Required 2 > Required 1 Relatered 2 2. Prepare journal entries to record all transactions, including the variances In requirement 1. (if no entry is required for transaction/event, select "No joumal entry required in the first account field.) View transaction list Journal entry worksheet Record the entry for the purchase of 54,000 kilograms of materials. Note: inter debts before credits Transaction General Journal Debit 1 Credit Record entry Claw by View gener journal
