Question
During January 2018, the job cost sheets showed the following costs and production data: Department W X Y Direct material used $88,000 $85,000 $69,000 Direct
During January 2018, the job cost sheets showed the following costs and production data:
Department
| W | X | Y |
Direct material used | $88,000 | $85,000 | $69,000 |
Direct Labour Cost | $50,000 | $37, 400 | $48,600 |
Direct Labour Hours | 4,000 | 3,500 | 4,200 |
Machine Hours | 8,000 | 10,500 | 12,800 |
Manufacturing overhead incurred | $78,000 | $69,500 | $67,200 |
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(c) Calculate the Manufacturing Overhead variance for each department.
(d)Using the total figures, state the journal entries necessary to record:
I) Total direct materials used
ii) Total direct labour costs incurred
iii) Total manufacturing overhead incurred
iv) Total manufacturing overhead applied
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