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Help with B please!Oriole Corp. supplies its customers with high - quality canvas tents. These canvas tents sell for $ 1 7 0 each, with
Help with B please!Oriole Corp. supplies its customers with highquality canvas tents. These canvas tents sell for $ each, with the following DM and
DL usage and price expectations.
Throughout the year, Oriole used DL hours in the process of making tents. The company had originally planned to
produce and sell tents. Its actual variable MOH costs totaled $ for the year.
a
Your answer is correct.
Determine Oriole's variableMOH price and efficiency variances. Also identify whether the company's variableMOH costs were
under or overapplied, and by how much.
VariableMOH price variance
$
Unfavorable
VariableMOH efficiency variance
$
Favorable
Variable MOH
$
b
Record the journal entries to accompany the following transactions for variable MOH : actual variable MOH cost incurred
consider that half was for utilities not yet paid, and half was for accrued indirect labor allocation of variableMOH cost to
production, and recognition of specific variable MOH variances while closing out the VariableMOH Control accountCredit
account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select No Entry" for the
account titles and enter for the amounts. List all debit entries before credit entries.
No Account Titles and Explanation
Debit
Credit
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