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need help please Direct Labor and Direct Materials Variances, Journal Entrics Samson Compeny produces paper towels. The company has established the following direct materials and
need help please
Direct Labor and Direct Materials Variances, Journal Entrics Samson Compeny produces paper towels. The company has established the following direct materials and direct labor standards for one case of paper towels: During the first quarter of the yeat, Samson produced 40,000 caset of paper towels. The company purchased und used 160,300 pounds of paper pulp at $0.27 per pound Actual direct lebor used was $0,000 hours at $18.20 per hour. Required: Instructions for parts 1 and 2 : If a variance is zero, enter " 0 " and select "Not applicable" from the drop down box. 1. Caiculate the direct materials price and usage variances. 2. Calculate the direct labor rate and efficiency variances. 3. Prepare the joumal entries for (1) the direct materials price variance, (2) the direct materials usage variance, and (3) the direct labor variances If an amount box does not require an entry, leave it blank. Instructions for parts 1 and 2 : If a variance is zero, enter " 0 " and select "Not applicable" from the drop down box. 1. Calculate the direct materials price and usage variances. 2. Calculate the direct labor rate and efficiency variances. 3. Prepare the journal entries for (1) the direct materials price variance, (2) the direct materials usage variance, and (3) the direct labor variances. If an amount box does not require an entry, leave it blank Step by Step Solution
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