ls variance analysis.) rect materials journal entries. Assume purchases were mad

Question

ls variance analysis.) rect materials journal entries. Assume purchases were made on account f direct materials, including the related variance. (Prepare a single compound journal entry. Record debits first, then credits. Select t d Explanation Debit Credit Data Table AC x AQ $0.50 per pounds $0.45 per pounds S0.45 per pound lect he expianat 7,600 pounds 7,600 pounds $3,420 and Expl 7,300 pounds $3,800 $3,285 Cost Efficiency Variance $135 U $380 U anagemen variances wil be Print Done e any number in the input fields and then continus to the next question MacBook Air

Explanation / Answer

Please find below answer of your question. If this helped, please hit LIKE button.

Purchase of material and variance Account debit Credt Raw material inventory 3420 Actual Quantity at standard Cost Direct Material Cost Variance 380 Unfavorable hence debit Accounts Payable 3800 Actual Quantity at actual Cost usase of material and variance Work in process inventory 3285 Standard quantity at standard cost Direct Material efficiency Variance 135 Unfavorable hence debit Raw material inventory 3420 Actual Quantity at standard Cost Requirement-2 it is not enough for Johnson management to know variance occurred. They must know why it occurred. Each of the direct labor variance will be investigated and information will be obtained from the managers responsible for each.

Related Questions

Navigate

• Browse (All)
• Browse L
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.