question 9

Dash Company adopted a standard costing system several years ago. The standard costs for the prime costs (i.e., direct materials and Sirect labor) of its single product are: Required: 1. Compute for November: 3. 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 pf purchase. e. The amount of direct materials cost and direct labor cost transferred to the Finished Goods Inventory account. 2. 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. 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 colculotes the direct materials price variance. at point of purchase. (Round your answer to 3 decimal places.) 1. The amount of direct materials cost and direct labor cost transferred to the Finished Goods inventory account. 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. month. Journal entry worksheet Record the entry for the purchase of 58,000 kilograms of materials. Note: Enter debits before credits. Journal entry worksheet Record the entry for the issue of materials to production. Note; Enter aebits before credits. Journal entry worksheet Record the entry for direct labor wages and standard direct labor cost incurred for manufacture. Niote: Enter debits before credits Dash Company adopted a standard costing system several years ago. The standard costs for the prime costs (i.e., direct materials and Sirect labor) of its single product are: Required: 1. Compute for November: 3. 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 pf purchase. e. The amount of direct materials cost and direct labor cost transferred to the Finished Goods Inventory account. 2. 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. 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 colculotes the direct materials price variance. at point of purchase. (Round your answer to 3 decimal places.) 1. The amount of direct materials cost and direct labor cost transferred to the Finished Goods inventory account. 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. month. Journal entry worksheet Record the entry for the purchase of 58,000 kilograms of materials. Note: Enter debits before credits. Journal entry worksheet Record the entry for the issue of materials to production. Note; Enter aebits before credits. Journal entry worksheet Record the entry for direct labor wages and standard direct labor cost incurred for manufacture. Niote: Enter debits before credits