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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Zawatsky Products produces instructional aids. Among the company’s products are whiteboards, which use colored markers instead of chalk. They are particularly pop- ular for conference rooms in educational institutions and executive offices of large corporations. The standard costs of materials and labor for this product follow:
Direct materials              11 lbs. @ $7.95 Direct labor                    4 hrs. @ $9.40
During the first month of the year, 20,100 boards were produced. Information con- cerning actual costs and usage of materials and labor follows:
Materials purchased                       222,500 lbs. @ $8.05 Materials used                                           220,400 lbs.
Direct labor                 79,900 hrs.; total cost: $759,050
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1.   Compute the materials price and usage variances.
2.   Compute the labor rate and efficiency variances.
3.   Prepare journal entries for all activity relating to materials and labor for the month.
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Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------acq-----------uis-----------iti-----------on -----------of -----------my -----------pos-----------ted----------- so-----------lut-----------ion-----------.Pl-----------eas-----------e p-----------ing----------- me----------- on-----------cha-----------t I----------- am----------- on-----------lin-----------e o-----------r i-----------nbo-----------x m-----------e a----------- me-----------ssa-----------ge -----------I w-----------ill----------- be-----------