Figure shows several data flows running to the general ledger (GL) for the purpose of updating the GL master data.
a. For each of the following data flows in Figure show the journal entry (in debit/credit journal entry format, with no dollar amounts) that would result (make and state any assumptions you think are necessary): 
GL standard costs applied update 
GL RM variances update 
GL DL variances update 
GL MOH variances update 
GL cost of goods completed update
b. What other standard cost accounting entries are not included in your answer to requirement a? Show those journal entries; describe when they would be made and what event they arerecording.

  • CreatedDecember 15, 2014
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