The following direct labor variance analysis was performed for Longman. Requirements 1. Record Longmans direct labor journal
Question:
The following direct labor variance analysis was performed for Longman.
Requirements
1. Record Longman’s direct labor journal entry (use Wages Payable).
2. Explain what management will do with this varianceinformation.
Transcribed Image Text:
10r DLHr 1,700 DLHr $18,700 SCxAQ $13.00 per DLHr 1,700 DLH $22,100 $13.00 per DLHr 1,250 DLHr 16,250 Cost Varfance $3,400 F Efficdency Variance 5,850 U
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Requirement 1 Date Accounts and Explanation Debit Credit WorkinProcess Inventory 16250 Direct Labor Efficiency Variance 5850 Direct Labor Cost Varianc...View the full answer
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Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133255584
4th Edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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