Question: someone please solve it as soon as possible i need the answers by 3pm For problems 2, 3, 4, 5, you do not have to
For problems 2, 3, 4, 5, you do not have to use the formula approach. You may use the 3 column (for 2,3) and 4 column (for 4,5) approach found in my notes and textbook. PROBLEM 2 The following data relate to product no. 79 of Denver Corporation: Direct material standard: 3 square feet at $2.50 per square foot Direct material purchased: 30,000 square feet at $2.60 per square foot Direct material used: 29,200 square feet Manufacturing activity: 9,600 units completed Compute all standards &variances. Show all computations. Prepare all journal entries using standard costing. Hint: You must have separate computations for purchase and usage at AQxSP
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
