Question: Refer to the information in PB9 9 for Rip Tide

Refer to the information in PB9-9 for Rip Tide.


Rip Tide has the following actual results for the month of June:
Number of units produced and sold ....... 312
Number of square feet of fiberglass used ..... 4,920
Cost of fiberglass used ........... $27,552
Number of labor hours worked ........ 3,060
Direct labor cost ............... $47,736
Variable overhead cost ........... $14,790
Fixed overhead cost ............ $24,600

Required:
Prepare journal entries to record the following for Rip Tide:
1. Variable overhead costs and related variances.
2. Fixed overhead costs and relatedvariances.
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  • CreatedFebruary 27, 2015
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