Figure shows several data flows running to the general ledger (GL) for the purpose of updating the GL master data.

a. For each of the following data flows in Figure show the journal entry (in debit/credit journal entry format, with no dollar amounts) that would result (make and state any assumptions you think are necessary):

GL standard costs applied update

GL RM variances update

GL DL variances update

GL MOH variances update

GL cost of goods completed update

b. What other standard cost accounting entries are not included in your answer to requirement a? Show those journal entries; describe when they would be made and what event they are recording.

General GL cost of goods completed update NOTES GL standard costs applied The work-in-process data reflect standard costs. process Production work Move ticket data Assuming that MOH is applied on Close manufacturing orders the basis of DL hours or DL dollars, the total standard DL hours (or dollars) would be obtained from the work-in-process file Standard MOH rate per hour Record standard Work-in-process inventory data Standard RM Final move ticket data Inventory prooess yissue notice RM = Raw materials DLT] = Direct labor MOH Manufacturing overhead Std.Standard UCUnit cost (per unit of RM Std. DL hours Production work Standard cost master data Employee/paycenters master data Excess RM issue notice or per hour of DL) Std. UC Std. UC Actual hourly pay rates RM returned notice Job time data Work-in-process inventory data a General ledger master data 2.0 Compute RM quantty Compute DL variances Actual MOH incurred variance Flexible budgets GL DL GLRM variances DL variances MOH variances report Compute MOH varlances variances update Budgets master data update re RM varlance report General ledger Various managers GL MOH variances update Standard cost master data General process