Question
Urgently required..... I will give u thumbs up......Please solve all 3 sub parts because as per Chegg Policy minimum 4 subparts are required to be
Urgently required..... I will give u thumbs up......Please solve all 3 sub parts because as per Chegg Policy minimum 4 subparts are required to be answered...
If the balance of the production in process for the last period of 3000 dinars is debited, and the balance of the finished production the last period of 2000 dinars is debited, and the balance of the cost of the goods before processing the deviation is 5000 dinars debited, and the balance of the account of the standard indirect industrial costs charged is 7000 dinars and the balance of the actual indirect industrial costs account is 6000 dinars. Debit the required:
a- Calculate the value and type of deviation in indirect industrial costs, record the entry for the deviation in industrial indirect costs
b- Record the closing entry for the deviation in industrial indirect costs
c- Considering that it is essential to depict the production in process account and the finished production account. And calculate the cost of the goods sold after correcting the deviation.
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