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Prepare the journal entries to record the purchase and use of Direct Materials, Direct Labour, Variable Manufacturing Overhead, and Fixed Manufacturing overhead. You will need
Prepare the journal entries to record the purchase and use of Direct Materials, Direct Labour, Variable Manufacturing Overhead, and Fixed Manufacturing overhead. You will need to calculate and account for any rate (spending/price), efficiency (usage), and Production Volume variances. Husky records rate variances at the time of purchase and any efficiency variances at the time of usage
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