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(W10,23) Need help please! im struggling with these takAssignmentMain.do?invoker &takeAssignmentSessionLocator &inprogress=false eBook Show Me How Standard Cost Journal Entries Bellingham Company produced 6,500 units that
(W10,23) Need help please! im struggling with these
takAssignmentMain.do?invoker &takeAssignmentSessionLocator &inprogress=false eBook Show Me How Standard Cost Journal Entries Bellingham Company produced 6,500 units that require 15 standard pounds per unit at a $9 standard price per pound. The company actually used 93,600 pounds in production. Journalize the entry to record the standard direct materials used in production. If an amount box does not require an entry, leave it blank. Work in Process 877,500 0 Direct Materials Quantity Variance Materials 842400 Feedback Check My Work A debit balance in the Direct Materials Quantity Variance account represents an unfavorable variance. Likewise, a credit balance in the Direct Materials Quantity Variance account represents a favorable variance. E 00 Direct Materials and Direct Labor Variances At the beginning of June, Bezco Toy Company budgeted 19,000 toy action figures to be manufactured in June at standard direct materials and direct labor costs as follows: Direct materials $22,800 12,350 Direct labor 4 Total $35,150 The standard materials price is $0.50 per pound. The standard direct labor rate is $13.00 per hour. At the end of June, the actual direct materials and direct labor costs were as follows: Actual direct materials $20,600 Actual direct labor 11,200 Total $31,800 There were no direct materials price or direct labor rate variances for June. In addition, assume no changes in the direct materials inventory balances in June. Bezco Toy Company actually produced 16,700 units during June. Determine the direct materials quantity and direct labor time variances. Round your per unit computations to two decimal places and round your answers to the nearest dollar, if required. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Direct materials quantity variance 1,169 X Unfavorable Direct materials $22,800 Direct labor 12,350 Total $35,150 The standard materials price is $0.60 per pound. The standard direct labor rate is $13.00 per hour. At the end of June, the actual direct materials and direct labor costs were as follows: Actual direct materials $20,600 Actual direct labor 11,200 Total $31,800 There were no direct materials price or direct labor rate variances for June. In addition, assume no changes in the direct materials inventory balances in June. Bezco Toy Company actually produced 16,700 units during June. Determine the direct materials quantity and direct labor time variances. Round your per unit computations to two decimal places and round your answers to the nearest dollar, if required. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. 1,169 X Direct materials quantity variance Unfavorable Unfavorable Direct labor time variance takAssignmentMain.do?invoker &takeAssignmentSessionLocator &inprogress=false eBook Show Me How Standard Cost Journal Entries Bellingham Company produced 6,500 units that require 15 standard pounds per unit at a $9 standard price per pound. The company actually used 93,600 pounds in production. Journalize the entry to record the standard direct materials used in production. If an amount box does not require an entry, leave it blank. Work in Process 877,500 0 Direct Materials Quantity Variance Materials 842400 Feedback Check My Work A debit balance in the Direct Materials Quantity Variance account represents an unfavorable variance. Likewise, a credit balance in the Direct Materials Quantity Variance account represents a favorable variance. E 00 Direct Materials and Direct Labor Variances At the beginning of June, Bezco Toy Company budgeted 19,000 toy action figures to be manufactured in June at standard direct materials and direct labor costs as follows: Direct materials $22,800 12,350 Direct labor 4 Total $35,150 The standard materials price is $0.50 per pound. The standard direct labor rate is $13.00 per hour. At the end of June, the actual direct materials and direct labor costs were as follows: Actual direct materials $20,600 Actual direct labor 11,200 Total $31,800 There were no direct materials price or direct labor rate variances for June. In addition, assume no changes in the direct materials inventory balances in June. Bezco Toy Company actually produced 16,700 units during June. Determine the direct materials quantity and direct labor time variances. Round your per unit computations to two decimal places and round your answers to the nearest dollar, if required. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Direct materials quantity variance 1,169 X Unfavorable Direct materials $22,800 Direct labor 12,350 Total $35,150 The standard materials price is $0.60 per pound. The standard direct labor rate is $13.00 per hour. At the end of June, the actual direct materials and direct labor costs were as follows: Actual direct materials $20,600 Actual direct labor 11,200 Total $31,800 There were no direct materials price or direct labor rate variances for June. In addition, assume no changes in the direct materials inventory balances in June. Bezco Toy Company actually produced 16,700 units during June. Determine the direct materials quantity and direct labor time variances. Round your per unit computations to two decimal places and round your answers to the nearest dollar, if required. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. 1,169 X Direct materials quantity variance Unfavorable Unfavorable Direct labor time variance Step by Step Solution
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