Maurice Tutor

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Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 4 Days Ago
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Education

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

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 11 Aug 2017 My Price 11.00

multilayer fabric

savannah textiles inc manufactured 500 units of a special multilayer fabric with the trade name stylex during july the standard prome costs for one unit of stylex are

 

 

 

direct material 20 yard at $ 1.35 per yard 27

 

direct labor 4 hours at $9.00 per hour 36

 

total standard prime cost $ 63

 

 

 

the following information from the stylex production department pertains to july

 

direct materials purchased 18,000 yards at $ 1.38 per yard $24,840

 

direct material used 9,500 yards at $1.38 yard $13,110

 

direct labor used 2,100 hours at $ 9.15 per hour 19,215

 

 

 

plesae answer all but please part B is more important than A

 

A direct material price varience, and quantuty variance, direct labor rate variance and efficiency variance inventory

 

 

 

 

 

B prepare journal entiry

 

record the purchase of direct material

 

add direct material and direct labor cost to work in process

 

record the direct material and direct labor variance

close these variance to cost of goods sold

Answers

Maurice Tutor
(5)
Status NEW Posted 11 Aug 2017 04:08 PM My Price 11.00

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