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AXV company records purchase Raw Material $12,000 at 2.50 per pounds; account payable $3,200 at $1.80 per pound to purchase inventory on account Amount Date Question 1 Debit Credit AXY Company records materials that is transferred to Work-in=Process Inventory account. Raw material $12,000 at 2.50 per pound. Transfer Work in process inventory 9,500 units Based on this transaction, you need to find the variance. AXY company has the activities as follows: . . . Work-in-process Inventory shows $15 per hour with 0.50 per unit 9,500 units Wage payable 3,500 direct Labor Hour with $17 per hour Company shows Direct Labor Cost Variance 15,800 (estimated) Direct Labor Efficiency Variance $27,550 (estimated) . . Date Question 2 Amount Debit Credit AXV company records purchase Raw Material $12,000 at 2.50 per pounds; account payable $3,200 at $1.80 per pound to purchase inventory on account Amount Date Question 1 Debit Credit AXY Company records materials that is transferred to Work-in=Process Inventory account. Raw material $12,000 at 2.50 per pound. Transfer Work in process inventory 9,500 units Based on this transaction, you need to find the variance. AXY company has the activities as follows: . . . Work-in-process Inventory shows $15 per hour with 0.50 per unit 9,500 units Wage payable 3,500 direct Labor Hour with $17 per hour Company shows Direct Labor Cost Variance 15,800 (estimated) Direct Labor Efficiency Variance $27,550 (estimated) . . Date Question 2 Amount Debit Credit