Question
required: 1. compute for november: a) The direct labor efficiency variance. is this variance favorable or unfavorable? b) the direct labor rate variance. is this
required:
1. compute for november: a) The direct labor efficiency variance. is this variance favorable or unfavorable? b) the direct labor rate variance. is this variance favorable or unfavorable? 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 of purchase. e) the amount of direct materials cost and direct labor cost in the work in process inventory account at the end of the month. 2) prepare the journal entries to record all transactions including the variances in 1.
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Sum Check my work Purchases of materials Total actual direct labor costs Actual direct labor hours Materials usage variance Total materials variance 56, see kilograns $ 660,000 39,200 hours $ 2,100 Unfavorable 700 Unfavorable Required: 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 calculates the direct materials price variance at point of purchase. e. The amount of direct materials cost and direct labor cost transferred to the Finished Goods Inventory account. f. 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. Required 1 Required 2 19 min (10%) remaining Your battery is low . If you need to continue your computer, either pag in your computer, down and then change the women Prev 1 of 2 Next > Sum Check my work Purchases of materials Total actual direct labor costs Actual direct labor hours Materials usage variance Total materials variance 56, see kilograns $ 660,000 39,200 hours $ 2,100 Unfavorable 700 Unfavorable Required: 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 calculates the direct materials price variance at point of purchase. e. The amount of direct materials cost and direct labor cost transferred to the Finished Goods Inventory account. f. 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. Required 1 Required 2 19 min (10%) remaining Your battery is low . If you need to continue your computer, either pag in your computer, down and then change the women Prev 1 of 2 Next >Step by Step Solution
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