Preparing Journal Entries to Record Fixed Manufacturing Overhead Costs, Variances Refer to the information in PB9-1 for
Question:
Preparing Journal Entries to Record Fixed Manufacturing Overhead Costs, Variances
Refer to the information in PB9-1 for Sweetly Sent.
Sweetly Sent has the following actual results for the month of February:
Number of units produced and sold ....... 38,500
Number of ounces of wax purchased and used ... 583,000
Cost of wax used .............. $ 37,895
Number of labor hours worked ......... 9,900
Direct labor cost ..............$136,620
Variable overhead cost ............ $ 3,630
Fixed overhead cost ............. $ 9,900
Required:
Prepare the journal entries to record Sweetly Sent’s fixed manufacturing overhead costs and related variances for lastyear.
Step by Step Answer:
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips