requirement 2:
requirement 2/3:
requirement 3 choices:
1. less or more
2. higher or lower
3. less or more
4. less or more
5 higher or lower
6. less or more
7. fewer or more
8. higher or lower
Institute Corn Hole is a small business that Marcus Moris developed while in college. He began building wooden com hole game sets for friends, hand painted with college colors and logos. As demand grow, he hired some workers and began to manage the operation. Institute Com hole maintains two departments construction and painting. In the construction department, the games require wood and labor Instituto Com Hole has some omployees who have been with the company for a very long time and others who are now and inexperienced Click the icon to view more information) Read the movies Requirement 1. For the construction department, calculate the price and efficiency variance for the wood and the price and efficiency variances for direct manufacturing labor. Label each variance as faucrate (7) Begin by calculating the price and offer variances for the wood Price variance Efficiency variance Calculate the price and efficiency variances for direct manufacturing labor Price variance Efficiency variance Requirement 2. Record the journal entries for the variances incurred (Record debit first, the credits Exclude uplations from any juma) Prepare the journal entry for the direct materiais price variance Journal Entry Dahat Choose from any list or enter any number in the input fields and then continue to the next question Save for Later Institute Corn Hole is a small business that Marcus Morris developed while in college. He began building wooden com hole game sets for some workers and began to manage the operation. Institute Com hole maintains two departments: contstruction and painting. In the cons some employees who have been with the company for a very long time and others who are new and inexperienced. i (Click the icon to view more information.) Read the requirements. Journal Entry Date Accounts Debit Credit Next prepare the journal entry for direct materials efficiency variance. Journal Entry Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question. Save for Later Question Help Instituto Com Hole is a small business that Marcus Morris developed while in college. He begon building wooden com hole game sets for friends, hand painted with college colors and logos. As demand grew, he hired some workers and began to merge the operation Institute Com hole maintains two department construction and painting in the construction department, the games require wood and labor Instituto Com Hole has some employees who have been with the company for a very long time and others who are new and inexperienced (Click the loon to view more information) Read the requirements Now prepare the journal entry for direct manufacturing labor price and efficiency variances Journal Entry Date Accounts Debit Credit Requirements. Discuss logical explanations for the combination of variances that insule experienced Marcus pald for the wood. As a result, the wood was quality and workers used of it Marcus used experienced workers in September than he usually does. This resulted in payment of wages per hour. The new workers were ofcient and took hours than normal Overall, Marcus's total wage bill was than expected hoose from any list or enter any number in the input fields and then continue to the next question Save for Later orris developed while in college. He began building wooden corn hole game sets for friends, hand painted with colleg stitute Corn hole maintains two departments: contstruction and painting. In the construction department, the games ra very long time and others who are new and inexperienced. * More Info - - X sulate the manufacturing s for the Institute Corn Hole uses standard costing for the game sets. Marcus expects that a typical set should take 4 hours of labor in the construction department, and the standard wage rate is $10.00 per hour. An average set uses 24 square feet of wood, allowing for a certain amount of scrap. Because of the nature of the wood, workers must work around the flaws in the materials. Marcus shops around for good deals and expects to pay $3.80 per square foot. Marcus does not store inventory, and buys the wood as he receives an order. For the month of September, Marcus's workers produced 55 corn hole sets using 230 hours and 1,850 square feet of wood. Marcus bought wood for $6,800 (and used the entire quantity), and incurred labor costs of $2.135. manufa riances i e variance Print Done Entry Debit Credit put fields and then continue to the next question. MacBook Pro
