Help Save Required information Appendix 108) The Deson Company makes and sells a single product called a Mip, and employs a standard costing wystem The following standards have been established for one unit of Mip Standard Quantity or Hours Standard Cottor 39 KE There were no inventories of any kind on August 1 Dung August the following events occurred Purchasi 15.000 bod metres at the total cont of $24,000 Used 12.000 board metres to produce 2.100 Mip U1700 hours of direct bou me a total cost of $20000 opendwo To record the incurrence of direct labour costs and is in production the general lodger would include what entry to the Labour Emiciency Variance account Multiple Choice $240 debit $480 credit $1200 debit $1,200 credit Required information (Appendix 108) The Dexon Company makes and sells a single product, called a Mip, and employs a standard costing system. The following standards have been established for one unit of Mip Direct Materials Direct Labour Standard Quantity or Hours 6 board metre 0.8 hours Standard Cost per Map $9.88 59.66 There were no inventories of any kind on August 1. During August the following events occurred: Purchased 15,000 board metres at the total cost of $24,000 Used 12,000 board metres to produce 2100 Mips Used 1700 hours of direct labour time at a total cost of $20,060 Appendix 108) To record the incurrence of direct labour cost and its use in production, the general ledger would include what entry to the Labour Re Multiple Choice $240 credit $240 debit $340 debit $340 credit Proy 29 HE Next >