Dash Company adopted a standard costing system several years ago. The standard costs for the prime costs (i.e., direct materials and direct labor) of its single product are:

Material	(8 kilograms $6.00 per kilogram)	$ 48.00
Labor	(4 hours $17.00 per hour)	68.00

All materials are added at the beginning of processing. The following data were taken from the companys records for November:

In-process beginning inventory		None
In-process ending inventory	920	units, 75% complete as to direct labor
Units completed	7,000	units
Budgeted output	7,400	units
Purchases of materials	64,000	kilograms
Total actual direct labor costs	$ 430,000
Actual direct labor hours	29,000	hours
Materials usage variance	$ 3,000	Unfavorable
Total materials variance	$ 760	Unfavorable

Required:

1. Compute for November:

a. The direct labor efficiency variance. Is this variance favorable (F) or unfavorable (U)?

b. The direct labor rate variance. Is this variance favorable (F) or unfavorable (U)?

c. The actual number of kilograms of material used in the production process during the month.

d. The actual price paid per kilogram of material during the month, the company calculates the direct materials price variance at point of purchase.

e. The amount of direct materials cost and direct labor cost transferred to the Finished Goods Inventory account.

f. The total amount of direct materials cost and direct labor cost in the Work-in-Process Inventory account at the end of the month.

2. Prepare journal entries to record all transactions, including the variances in requirement 1.

Complete this question by entering your answers in the tabs below.

• Required 1
• Required 2

1.Compute for November:

a. The direct labor efficiency variance. Is this variance favorable (F) or unfavorable (U)?

b. The direct labor rate variance. Is this variance favorable (F) or unfavorable (U)?

c. The actual number of kilograms of material used in the production process during the month.

d. The actual price paid per kilogram of material during the month, the company calculates the direct materials price variance at point of purchase. (Round your answer to 3 decimal places.)

e. The amount of direct materials cost and direct labor cost transferred to the Finished Goods Inventory account.

f. The total amount of direct materials cost and direct labor cost in the Work-in-Process Inventory account at the end of the month.

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a.	Direct labor efficiency variance
b.	Direct labor rate variance
c.	Actual number of kilograms		kilograms
d.	Actual price paid per kilogram of material
e.	Amount transferred to the finished goods Inventory account
f.	Ending inventory at standard cost

• 2. Prepare journal entries to record all transactions, including the variances in requirement 1. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Journal entry worksheet

• Record the entry for the purchase of 64,000 kilograms of materials.

Note: Enter debits before credits.

Transaction	General Journal	Debit	Credit
1