Please show step by step process
Was recome 1.Coreput for November The direct labor efficiency and we are The direct laborate Varan Islam ? The actualmberget of material used in to the most d. The price persoal during the month the there pont of purchased The amount of dred materials cost and one borcos need to the rest The town of dit mass and direct labostise Winn-Frostery of the mon ber Atopad Com Then we were the worden The growwwww hard to the Good Themen Worth Dash Company adopted a standard costing system several years ago. The standard costs for the prime costs le direct materials and direct labor) of its single product are: Materia La 16 lograns $7.00 per kilogram) 16 hours $18.00 per hour 162.00 103.00 All materials are added at the beginning of processing. The following data were taken from the company's records for November In-process beginning inventory In-process ending inventory Unite completed Budgeted output Purchases of materials Total actual direct labor conta Actual direct labor hours Materials usage variance Total materiais variance 520 units, 75 complete as to direct labor 6,830 units 7.200 wita 62,000 Milogram $ 140,000 44,200 hours $2,100. Unfavorable 5 630 Unfavorable Required: 1. Compute for November a. The direct labor efficiency variance. Is this variance favorable (F) or unfavorable (U? b. The direct labor rate variance. Is this variance favorable or unfavorable (Ul? c. The actual number of kilograms of material used in the production process during the month d. The actual price paid per kilogram of material during the month, the company calculates the direct materials price variance at point of purchase e. The amount of direct materials cost and direct labor cost transferred to the Finished Goods Inventory account. The total amount of direct materials cost and direct labor cost in the Work in Process Inventory account at the end of the month 2. Prepare journal entries to record all transactions, including the variances in requirement 1. bs below. 1. The total amount of direct materials cost and direct labor cost in the Work-in-Process Inventory account at the end of the month. 2. Prepare journal entries to record all transactions, including the variances in requirement 1. Complete this question by entering your answers in the tabs below. Required i Required 2 1.Compute for November: a. The direct labor efficiency variance. Is this variance favorable (F) or unfavorable (U)? b. The direct labor rate variance. Is this variance favorable (F) or unfavorable (U)? c. The actual number of kilograms of material used in the production process during the month. d. The actual price paid per kilogram of material during the month, the company calculates the direct materials price variance e. The amount of direct materials cost and direct labor cost transferred to the finished Goods Inventory account. f. The total amount of direct materials cost and direct labor cost in the Work-In-Process Inventory account at the end of the month Show less ko a. Direct labor efficiency variance b. Direct labor rate variance e Actual number of kilograms d. Actual price pold per kilogram of material 0 Amount transferred to the finished goods Inventory account 6 Ending inventory at standard cost Required 2 > Required: 1. Compute for November a. The direct labor efficiency variance. Is this variance favorable (F) or unfavorable (U)? b. The direct labor rate variance. Is this variance favorable (F) or unfavorable (U)? c. The actual number of kilograms of material used in the production process during the month. d. The actual price paid per kilogram of material during the month, the company calculates the direct materials price variance at point of purchase e. The amount of direct materials cost and direct labor cost transferred to the Finished Goods Inventory account f. The total amount of direct materials cost and direct labor cost in the Work-in-Process Inventory account at the end of the month. 2. Prepare journal entries to record all transactions, including the variances in requirement 1. Complete this question by entering your answers in the tabs below. Required 1 Required 2 2. Prepare journal entries to record all transactions, including the variances in requirement 1. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet A B Record the entry for the purchase of 62,000 kilograms of materials. Note: Enter debits before credits Was recome 1.Coreput for November The direct labor efficiency and we are The direct laborate Varan Islam ? The actualmberget of material used in to the most d. The price persoal during the month the there pont of purchased The amount of dred materials cost and one borcos need to the rest The town of dit mass and direct labostise Winn-Frostery of the mon ber Atopad Com Then we were the worden The growwwww hard to the Good Themen Worth Dash Company adopted a standard costing system several years ago. The standard costs for the prime costs le direct materials and direct labor) of its single product are: Materia La 16 lograns $7.00 per kilogram) 16 hours $18.00 per hour 162.00 103.00 All materials are added at the beginning of processing. The following data were taken from the company's records for November In-process beginning inventory In-process ending inventory Unite completed Budgeted output Purchases of materials Total actual direct labor conta Actual direct labor hours Materials usage variance Total materiais variance 520 units, 75 complete as to direct labor 6,830 units 7.200 wita 62,000 Milogram $ 140,000 44,200 hours $2,100. Unfavorable 5 630 Unfavorable Required: 1. Compute for November a. The direct labor efficiency variance. Is this variance favorable (F) or unfavorable (U? b. The direct labor rate variance. Is this variance favorable or unfavorable (Ul? c. The actual number of kilograms of material used in the production process during the month d. The actual price paid per kilogram of material during the month, the company calculates the direct materials price variance at point of purchase e. The amount of direct materials cost and direct labor cost transferred to the Finished Goods Inventory account. The total amount of direct materials cost and direct labor cost in the Work in Process Inventory account at the end of the month 2. Prepare journal entries to record all transactions, including the variances in requirement 1. bs below. 1. The total amount of direct materials cost and direct labor cost in the Work-in-Process Inventory account at the end of the month. 2. Prepare journal entries to record all transactions, including the variances in requirement 1. Complete this question by entering your answers in the tabs below. Required i Required 2 1.Compute for November: a. The direct labor efficiency variance. Is this variance favorable (F) or unfavorable (U)? b. The direct labor rate variance. Is this variance favorable (F) or unfavorable (U)? c. The actual number of kilograms of material used in the production process during the month. d. The actual price paid per kilogram of material during the month, the company calculates the direct materials price variance e. The amount of direct materials cost and direct labor cost transferred to the finished Goods Inventory account. f. The total amount of direct materials cost and direct labor cost in the Work-In-Process Inventory account at the end of the month Show less ko a. Direct labor efficiency variance b. Direct labor rate variance e Actual number of kilograms d. Actual price pold per kilogram of material 0 Amount transferred to the finished goods Inventory account 6 Ending inventory at standard cost Required 2 > Required: 1. Compute for November a. The direct labor efficiency variance. Is this variance favorable (F) or unfavorable (U)? b. The direct labor rate variance. Is this variance favorable (F) or unfavorable (U)? c. The actual number of kilograms of material used in the production process during the month. d. The actual price paid per kilogram of material during the month, the company calculates the direct materials price variance at point of purchase e. The amount of direct materials cost and direct labor cost transferred to the Finished Goods Inventory account f. The total amount of direct materials cost and direct labor cost in the Work-in-Process Inventory account at the end of the month. 2. Prepare journal entries to record all transactions, including the variances in requirement 1. Complete this question by entering your answers in the tabs below. Required 1 Required 2 2. Prepare journal entries to record all transactions, including the variances in requirement 1. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet A B Record the entry for the purchase of 62,000 kilograms of materials. Note: Enter debits before credits
