QUESTION: The cost information of an enterprise producing ABC product by applying the standard cost method is as follows. STANDARD COSTS (For 1 XYZ Product) D. Raw Materials and Material Standards Quantity Price K Material 5 Mt 100 TL / mt L Material 3 Kg 80 TL / Kg M Material 8 Pieces 15 TL / Name N Material 2 Lt 20 TL / Lt D. Labor Standard Duration Fee Ordinary Labor 4 Hours 50 TL / hour Qualified Labor 3 Hours 100 TL / hour G..G. Standards Variable Fixed Per Hour of Ordinary Labor DD 40 TL / Hour 35 TL / Hour Budgeted Monthly Standard Activity Volume 40,000 Ordinary Labor Hours Budgeted Capacity (Monthly Production Amount) 10.000 Pieces ABC Products ACTUAL COSTS OF JULY / 2020 (For 12.000 ABC Products) D. Raw Material and Material Expenses Amount Amount K Material 66.000 Mt 6.732.000 TL L Material 36.000 Kg 2.700.000 TL M Material 100.000 Pieces 1.000.000 TL N Material 24.000 Lt 500.000 TL Direct Labor Expense Keeps Time Ordinary Labor Expense 50.000 hours 5.500.000 TL Qualified Labor Expense 35.000 hours 3.850.000 TL Amount General Production Expenses 4.000.000 TL Actual Costs Total 24,282,000 TL Actual Production Quantity 12,000 ABC Products Required:

1) Arrange the Standard Cost Card of the company for 1 ABC Product.

2) In this enterprise where G..Gs are distributed according to Ordinary Direct Labor hours;

a) Analyze the deviations by making monthly cost calculations.

b) Make the accounting records for July / 2020.