The following direct labor variance analysis was performed for Logan. Requirements 1. Record Logans direct labor journal

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The following direct labor variance analysis was performed for Logan.

Requirements
1. Record Logan€™s direct labor journal entry (use Wages Payable).
2. Explain what management will do with this variance information.

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Horngrens Financial and Managerial Accounting

ISBN: 978-0133866292

5th edition

Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura

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Question Posted: Jun 15, 2015 10:07 AM

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The following direct labor variance analysis was performed for Logan. Requirements 1. Record Logans direct labor journal

Question:

$11.00 per DLHr 1,800 DLHr $19,800 SC × AQ $16.00 per DLHr 1,800 DLHr $28,800 $16.00 per DLHr 1,300 DLHr 20,800 Cast Variance $9,000 F Efficiency Variance $8,000 U

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Requirement 1 Date Accounts and Explanation Debit Credit WorkinProcess Inventory 20800 Direct Labor Efficiency Variance 8000 Direct Labor Cost Varianc...View the full answer

Horngrens Financial and Managerial Accounting

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