Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

DM&DL variancess journal entries In july, Zinger Corp. purchased s8,000 galions of Numerol for $146,400 to use in the production of product it43M87. During luly.

image text in transcribed
image text in transcribed
DM&DL variancess journal entries In july, Zinger Corp. purchased s8,000 galions of Numerol for $146,400 to use in the production of product it43M87. During luly. Zinger Corp. manufactured 9,360 units of product \#43MP7. The following information is avalable about standard and actual quantities and costs: Actual Usage for July Derect material 44040 gallons. Direct lator 3096 DLHs 819.92 per DLH a. Coripute the mateilal purchase price vaniance and the material quantity variance. Note: Do not use a negative sign with your answers. Maneriai puce varianse Mateial cuentity unance b. Compute the labon fate Labor eficiency, and total labor variance. Note: Do not use a nugative non with your answer Note: flound your tinal answer to the nearest whole dollibr. e Prepare the outnal nitries for the miaterial and Labor variancec. Note: Round amounes no the neares whole dolity. b. Compute the labor rate, labor efficiency, and total labor variance. Note: Do not use a negative sign with your answers. Note: Round your final answer to the nearest whole dollar. c. Prepare the journal entries for the material and labor variances. Note: Round amounts to the nearest whole dollar. Note: Record any multiple debits or any multiple credits in alphabetical order by account name

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Text And Cases

Authors: W. Robert Knechel, Knechel

1st Edition

0538819340, 9780538819343

More Books

Students also viewed these Accounting questions

Question

The imaginary part of a pole generates what part of a response?

Answered: 1 week ago

Question

Describe several uses for a position description.

Answered: 1 week ago