Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
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: 402 Weeks Ago, 1 Day Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

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

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 18 Aug 2017 My Price 12.00

Algers Company

Direct Materials, Direct Labor, and Overhead Variances, Journal Entries

 

Algers Company produces dry fertilizer. At the beginning of the year, Algers had the following standard cost sheet:

 

hmcc03h_ch09_pr9-30.jpg

 

Algers computes its overhead rates using practical volume, which is 54,000 units. The actual results for the year are as follows:

 

Units produced: 53,000

 

Direct materials purchased: 274,000 pounds at $2.50 per pound

 

Direct materials used: 270,300 pounds

 

Direct labor: 40,100 hours at $17.95 per hour

 

Fixed overhead: $161,700

 

Variable overhead: $122,000

 

Prepare journal entries for the closing out of variances to Cost of Goods Sold. If an amount box does not require an entry, leave it blank.

 

First, close direct materials and direct labor variances:

 

Second, recognize the overhead variances:
If an amount box does not require an entry, leave it blank.

 

 

 

 
 
       

   

  

  

  
 

  

  

  
 

  

  

  
 

  

  

  
 

  

  

  
 

  

  

  
       

Show transcribed image text Direct Materials, Direct Labor, and Overhead Variances, Journal Entries Algers Company produces dry fertilizer. At the beginning of the year, Algers had the following standard cost sheet: Algers computes its overhead rates using practical volume, which is 54,000 units. The actual results for the year are as follows: Units produced: 53,000 Direct materials purchased: 274,000 pounds at $2.50 per pound Direct materials used: 270,300 pounds Direct labor: 40,100 hours at $17.95 per hour Fixed overhead: $161,700 Variable overhead: $122,000 Prepare journal entries for the closing out of variances to Cost of Goods Sold. If an amount box does not require an entry, leave it blank. First, close direct materials and direct labor variances: Second, recognize the overhead variances: If an amount box does not require an entry, leave it blank.

Answers

Maurice Tutor
(5)
Status NEW Posted 18 Aug 2017 03:08 PM My Price 12.00

Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------and----------- ac-----------qui-----------sit-----------ion----------- of----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------n.P-----------lea-----------se -----------pin-----------g m-----------e o-----------n c-----------hat----------- I -----------am -----------onl-----------ine----------- or----------- in-----------box----------- me----------- a -----------mes-----------sag-----------e I----------- wi-----------ll

Not Rated(0)