Dash Company adopted a standard costing system several years ago. The standard costs for the prime costs (le, direct materials and direct labor) of its single product are: Material Labor (8 kilograms $4.00 per kilogram) (6 hours * $17.50 per hour) $ 32.00 105.00 All materials are added at the beginning of processing. The following data were taken from the company's records for November: None In-process beginning Inventory In-process anding inventory Units completed Budgeted output Durchases of materials Total actual direct labor costs Actual direct labor hours Materials usage variance Total materialo variance 960 unite, 751 complete as to direct labor 7.200 units 7.600 units 66,000 kilograns $ 760.000 46,200 hours $ 3, 100 Unfavorable S 790 Unfavorable Required: 1. Compute for November: a. The direct labor efficiency variance. Is this variance favorable (F) or unfavorable (U)? b. The direct labor rote 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 variance at point of purchase e. The amount of direct materials cost and direct labor cost transferred to the Finished Goods Inventory account f. 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 all transactions, including the variances in requirement 1. Complete this question by entering your answers in the tabs below. Required 1 Required 2 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 (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 variance 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. 1. 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 kg o Direct labor officiency variance b. Direct labor rate variance c. Actual number of kilograms d. Actual price paid per kilogram of material Amount transferred to the finished goods Inventory account 1. Ending inventory at standard cost 2. Prepare journal entries to record all transactions, including the variances in requirement 1. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the entry for direct labor wages and standard direct labor cost incurred for manufacture Note: Enter debits before credits. General Journal Debit Credit Transaction 3 Record entry Clear entry View general Journal
