Silvana s Smart Shaw s nc. s rnal business hal Silvana developed while n college

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Silvana s Smart Shaw s nc. s rnal business hal Silvana developed while n college. She began hand-kniting sta s or her dorm nends to wear while studying. As demand grew sh? hred some workers and began o manage he operation. S vana's shawls requre woo and abor. She experiments with te pe o woo hat she uses, and she has great var ty in he sha s she produces. Silvana has bimoda turnover in her labor. She has sorne emplo ees who eve been with her or very ng rne and others who are new and inexperienced (Click the icorn to view more information.) Read the requirements. Price variance Eiciericy variarice Calcate the price and efficiency variances for direct manufacturing labor Price variance Efliciericy variarice Requirement 2. Record the jourrial enlries fo e vrances inurred. (Retord debils first, hei credils. Exclude explanalioris fio Prepare the journal entry for the direct materials price variance 2,208 U More Info 100 U Silvana uses standard costing for her shawls. She expects that a typcal shav should take 3 hours to produce, and Ue slandard wage rale is $10.00 per our. An aveae shawl uses 11 skens of wool. Silvaria shops arourid or good deals, and expects lo pay $3.20 per skein. 160 ? any journal entries.) Silvana uses a just-in-time inventery systcm, as she has clients tell her what typc and color of wool they woud like her to use Journal Entry For the month of April, Sivana's workers produced 210 shawls using 614 hours and 3,000 skeins of wool. Silvana bought wool for $8,000 (and used the entire quantity), and incurred labor costs of S6,540 Date Accounts Deblt Credit Print Done Choose from any llst or enter any number In the Input fields and then clck Check Answer

Explanation / Answer

Journal entry :

Journal entry :

Journal entry :

Journal entry :

Date accounts & explantion debit credit Direct material (3000*3.2) 9600 Material price variance 1600 Account payable 8000 (To record material price variance)

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