Answered step by step
Verified Expert Solution
Question
1 Approved Answer
problem 8-4 please, both parts a and b. thank you December, a department completed 2.500 units of prods t that has a star dnt Problem
problem 8-4 please, both parts a and b. thank you
December, a department completed 2.500 units of prods t that has a star dnt Problem 8-2 Prepare yunal entries for materials During usage and cost of 1.2 square feet per unit at $0.48 per square foot. The ach tris actual material e variances Lo S) consisted of 3,050 square feet at an actual cost of $2,664 48. The achal The actual purchase of this mter amounted to 4,500 square feet at a total cost of $3,931.20 Prepare joumal entries (a) for the purchase of the materials and (b) for the isasance of muteiah to production Martin Company makes plastic garbage bags. One box of bags requires one hour of direct l direct labor at a total cost of S1,144,000 Com Problem B-3 Compute labor 4at an hourly rate of $6. The company produced 200,000 boxes of bags using 208,000 hours of varlances (LO.4 pute the labor v The finishing department of Mozart Company produced 25,000 units during November. The standard ui Problem 8-4 Compute tabor variances, prepare number of direct labor-hours per unit is two hours. The standard rate per hour is $37 30 During the month, $1.250 direct labor-hours were worked at a cost of $1,742.500 ournal entries Rqieda. Compute labor variances. Record the labor data in a journal entry b. Record the journal entry to dispose of any variances (close to Cost of Goods Sold The standard amount of output for the Chicago plant of Worldworth Company is 50,000 unts Problem -5 per month. Overhead is applied based on units produced. The flexible budget of the month for variable overhcad Actual overhead for the month consisted of $181,440 of fixed overhead, the actual variable overhead follows variances under two assumptions (Lo 4 manufacturing overhead allows S180,000 for fixed overhead and $4.80 per unit of output for Compute the ovethead budget variance and the overhead volume variance assuming the following actual production in units and actual variable overhead in dollars a. 37,500 and $182.400, b. 55,000 and $270,480 Based on a standard volume of output of 96,000 units per month, the standard cost of the prouss Problem b-6 manufactured by Tahoe Company consists of nd variances (Lo 4 $2.00 Dinedt materials (0.25 pounds x s8 per pound) ar 5 hours x $7 60 per hour) 1.50Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started