Maurice Tutor

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About Maurice Tutor

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Expertise:
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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 398 Weeks Ago, 1 Day Ago
Questions Answered: 66690
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 17 Aug 2017 My Price 8.00

William Company

The following information pertains to William Company:

Standard materials allowed

    $25,000

Unfavorable materials price variance

3,000

Favorable materials usage variance

2,000
   

Actual payroll

$30,000

Unfavorable labor rate variance

500

Unfavorable labor efficiency variance

2,500
   

What is the entry to record the direct labor cost and variances?

a.

Payroll                             30,000

Labor rate variance                    500

Labor efficiency variance            2,500

     Accrued payroll                         33,000

b.

Work in process                     27,000

Labor rate variance                    500

Labor efficiency variance            2,500

     Payroll                                 30,000

c.

Work in process                     30,000

     Payroll                                 30,000

d.

Work in process                     27,000

Labor variances                      3,000

     Payroll                                 30,000

 

Answers

Maurice Tutor
(5)
Status NEW Posted 17 Aug 2017 07:08 PM My Price 8.00

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