Post the general entries to T-accounts as if you are using a standard cost system.

16-67. Comprehensive Variance Problem LO 16-5, 6) Sweetwater Company manufactures two products, Mountain Mist and Valley Stream The company prepares its master budget on the basis of standard costs The following data are for March Standard Mountain Mis Valley Stream Direct materials Direct labor Variable overhead (per direct labor hour Fixed overhead (per month) Expected activity (direct labor-hours) 3ounces at S15 per ounce 5 hours at $60 per hour $48 $335,340 5.750 4 ounces at $16.50 per ounce 6 hours at S75 per hour S52 50 $397,800 7.800 Actunl result Direct material (purchased and used) Direct labor Variable overhead Fixed overhead Units produced (actual) 3,100 ounces at $13.50 per ounce 4,900 hours at $60.75 per hour $242,550 S313,950 1.000 units 4,700 ounces at $17.25 per ounce 7.400 hours at $76.50 per hour $378,510 $396,000 1.200 units