Jobs Company manufactures a single product and uses a standard costing system. The nature of product...

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Jobs Company manufactures a single product and uses a standard costing system. The nature of product dictates that bed in the period produced at the end of the period. However, raw materials can be stored and are purchased in bulk when prices are favore Feront standard product cots are material on direct labor hound Busted fed overhead is $5,000 O Support Dashboard shaquora shelley- ding work in process or finished in prundy labo, 16 13 hour and variable med based Jacon accounts for all ventories and cost of goods sold at standard cost and records each variance in a separate account. The following data relate to May 29 won 11,700 bed ye a. Assume jacobs purchased 000 pounds of raw meals on accoure at 2:20 per pound and seed 67,000 pounch in May) production prepare a journal entry record the bude un matanda y 10 rected the ine of raw materals in production, Record these entries using standand costs and include the appropriate materials variances Description M Credit Atsumeg employees worked 8,000 duect labor hours at an average hourly rate of $11.20 prepare a journal entry to recand actual costs standard cons, and any labor sarann Description Debit Deft Assuming jacoby actual and applied variable overhead was 174200 and that budgeted and actual load invertwad incurred was $54.00 prepare aural entry 10 recall and santan overheat costs and any e Varan 10 C Jobs Company manufactures a single product and uses a standard costing system. The nature of product dictates that bed in the period produced at the end of the period. However, raw materials can be stored and are purchased in bulk when prices are favore Feront standard product cots are material on direct labor hound Busted fed overhead is $5,000 O Support Dashboard shaquora shelley- ding work in process or finished in prundy labo, 16 13 hour and variable med based Jacon accounts for all ventories and cost of goods sold at standard cost and records each variance in a separate account. The following data relate to May 29 won 11,700 bed ye a. Assume jacobs purchased 000 pounds of raw meals on accoure at 2:20 per pound and seed 67,000 pounch in May) production prepare a journal entry record the bude un matanda y 10 rected the ine of raw materals in production, Record these entries using standand costs and include the appropriate materials variances Description M Credit Atsumeg employees worked 8,000 duect labor hours at an average hourly rate of $11.20 prepare a journal entry to recand actual costs standard cons, and any labor sarann Description Debit Deft Assuming jacoby actual and applied variable overhead was 174200 and that budgeted and actual load invertwad incurred was $54.00 prepare aural entry 10 recall and santan overheat costs and any e Varan 10 C