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+ Data Table he $ 12.30 se 18.60 Direct materials (3.0 sq. ft x $4.10 per sq. ft) Direct labor (2.0 hours * $9 30
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Data Table he $ 12.30 se 18.60 Direct materials (3.0 sq. ft x $4.10 per sq. ft) Direct labor (2.0 hours * $9 30 per hour). Manufacturing overhead Variable (2.0 hours * $0.66 per hour) f $ 1.32 4.20 5.52 Fixed (2.0 hours * $2.10 per hour) $36.42 Total standard cost per jacket Fixed overhead in total was budgeted to be $64,200 for each month. Actual data for November of the current year include the following a. Actual production was 13,700 jackets. b. Actual direct materials used was 2.60 square feet per jacket at an actual cost of $4.20 per square foot (Assume the direct materials purchased is the same as the direct materials used.) c. Actual direct labor usage of 25,200 hours for a total cost of $239,400 d. Actual fixed overhead cost was $53,634, while actual variable overhead cost was $17,640 Print Done Clothing manufactures embroidered jackets. The company uses a standard cost system to control manufacturing costs. The following data represent the standard unit cost of a jacket: ick the icon to view the cost data.) he requirements ement 5. Company management intentionally purchased superior materials for November production. How did this decision affect the other cost variances? Overall, was the decision wise? Explain orable variances more than offset the unfavorable variances. If the superior materials purchased for the November production decreased materials and labor usage, then ement's decision was ement 6. Journalize the usage of direct materials and the assignment of direct labor, including the related variances. (Record debits first, then credits. Exclude explanations from any journal entries.) urnalize the purchase of direct materials, including the related variance Journal Entry Accounts Debit Credit ize the usage of direct materials, including the related variance Journal Entry Accounts Debit Credit from any list or enter any number in the input fields and then continue to the next question. Journalize the usage of direct materials, including the related variance. Journal Entry Accounts Debit Credit Journalize the direct labor costs, including the related variances. (Record both direct labor variances by preparing a single compound entry.) Journal Entry Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the nextStep by Step Solution
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