Question: Requlred Information Journal Entries under Standard Costing (Appendix), Posting Journal Entries for Variances (Appendix) (LO 106,109) [The following information applies to the questions displayed below.]


Requlred Information Journal Entries under Standard Costing (Appendix), Posting Journal Entries for Variances (Appendix) (LO 106,109) [The following information applies to the questions displayed below.] Saskatewan 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. Actual material purchases amounted to 290,400 kilograms at $0.660 per kilogram. Actual costs incurred in the production of 44,000 units were as follows: Exerclse 1031 Requlred: Prepare the following journal entries. (If no entry is requlred for a transectionievent, select "No journal entry requlred" In the first account fleld. Do not round Intermediate calculetions.) Requlred Information Journal Entries under Standard Costing (Appendix), Posting Journal Entries for Variances (Appendix) (LO 106,109) [The following information applies to the questions displayed below.] Saskatewan 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. Actual material purchases amounted to 290,400 kilograms at $0.660 per kilogram. Actual costs incurred in the production of 44,000 units were as follows: Exerclse 1032 Required: Post the joumal entries prepared above to the appropriate T-accounts below. Be sure to select from the dropdown menu the transaction number associated with each amount posted
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