Question

Refer to your answer for Exercise 10–31. Set up T-accounts, and post the journal entries to the general ledger.
In Exercise 10– 31,
The director of cost management for Odessa Company uses a statistical control chart to help management determine when to investigate variances. The critical value is 1 standard deviation. The company incurred the following direct- labor efficiency variances during the first six months of the current year.


The standard direct-labor cost during each of these months was $ 38,000. The controller has estimated that the firm’s monthly direct- labor variances have a standard deviation of $ 1,900.


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  • CreatedApril 22, 2014
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