Required information

[The following information applies to the questions displayed below.]

Saskatewan Can Company manufactures recyclable soft-drink cans. A unit of production is a case of 12 dozen cans. The following standards have been set by the production-engineering staff and the controller.

Direct Labor:Direct Material:Quantity, 0.25 hourQuantity, 4 kilogramsRate, $16 per hourPrice, $0.80 per kilogram

Actual material purchases amounted to 240,000 kilograms at $.81 per kilogram. Actual costs incurred in the production of 50,000 units were as follows:

Direct labor:$211,900 for 13,000 hoursDirect material:$170,100 for 210,000 kilograms

Required:

Post the journal entries prepared above to the appropriate T-accounts below. Be sure to select from the dropdown menu the transaction number associated with each amount posted.

Transaction Credit No General Journal Debit Raw-material inventory 192,000 1 1 Direct-material purchase price variance 2,400 194,400 Work-in-process inventory Direct-material quantity variance 160,000 2 2 8,000 Raw-material inventory 168,000 Work-in-process inventory Direct-labor efficiency variance Direct-labor rate variance 3 3 200,000 8,000 3,900 Wages payable 211,900 Cost of goods sold 22,300 4 2,400 Direct-material purchase price variance Direct-material quantity variance 8,000 3,900 Direct-labor rate variance Direct-labor efficiency variance 8,000 Required information Raw-Material Inventory Direct-Material Purchase Price Variance Work-in-Process Inventory Direct-Material Quantity Variance Accounts Payable Direct-Labor Rate Variance Direct-Labor Efficiency Variance Wages Payable Cost of Goods Sold