Question: HELLO, THIS IS TIME-SENSITIVE AND GRADED ON ACCURACY; PLEASE SHOW THE ANSWERS IN THE EXACT CHART FORMAT THAT IS SUBMITTED IN THE IMAGES THANK YOU

HELLO, THIS IS TIME-SENSITIVE AND GRADED ON ACCURACY; PLEASE SHOW THE ANSWERS IN THE EXACT CHART FORMAT THAT IS SUBMITTED IN THE IMAGES

THANK YOU SO MUCH FOR YOUR HELP, I WILL DEFINITELY LEAVE A GOOD RATING FOR ACCURACY THANK YOU

INFORMATION FOR THE JOURNAL ENTRIES

HELLO, THIS IS TIME-SENSITIVE AND GRADED ON ACCURACY; PLEASE SHOW THE ANSWERSIN THE EXACT CHART FORMAT THAT IS SUBMITTED IN THE IMAGESTHANK YOUSO MUCH FOR YOUR HELP, I WILL DEFINITELY LEAVE A GOOD RATINGFOR ACCURACY THANK YOUINFORMATION FOR THE JOURNAL ENTRIES Required information [The followinginformation applies to the questions displayed below.] Saskatchewan Can Company manufactures recyclable

Required information [The following information applies to the questions displayed below.] Saskatchewan Can Company manufactures recyclable soft-drink cans. A unit of production is a case of 12 dozen cans. The following standards have been set by the production-engineering staff and the controller. Direct Labor: Direct Material: Quantity, .19 hour Quantity, & kilograms Rate, $9.5@ per hour Price, $8.48 per kilogram Actual material purchases amounted to 229,600 kilograms at $0.550 per kilogram. Actual costs incurred in the production of 28,000 units were as follows: Direct labor: 459,094 for 5,880 hours Direct material: $1008,870 for 183,480 kilograms Required: Prepare the following journal entries. Note: If no entry is required for a transaction/event, select "No journal entry required\" in the first account field. Do not round intermediate calculations. Journal entry worksheet Record the purchase of direct material on account and the direct-material purchase price variance. Mote: Enter debits before credits. Journal entry worksheet N Record the addition of direct-material cost to work-in-process inventory and the direct-material quantity variance. Note: Enter debits before credits. Transaction General Journal Debit Credit 2Journal entry worksheet A 2 Record the addition of direct-labor cost to work-in-process inventory and the direct-labor variances. Note: Enter debits before credits. Transaction General Journal Debit Credit 3Journal entry worksheet Record the closing of the direct-material and direct-labor variances to cost of goods sold. Mote: Enter debits before credits

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!