Provide the necessary journal entries for the below Standard Costs Materials 6 unit $ 2 per unit
Fantastic news! We've Found the answer you've been seeking!
Question:
Provide the necessary journal entries for the below
Standard Costs
Materials 6 unit $ 2 per unit
Labor 1/4 hour 8 per hour
Variable factory overhead 3/4 hour 4 per hour
Fixed factory overhead 3/4 hour 12 per hour [ normal capacity 4, 000 hour ]
Equivalent units produced materials 6,000 labor 5,800 factory overhead 5,500
Materials 33,000 units purchased on credit for $ 64,020
Direct labor $ 12,300 for 1,500 hour
Factory overhead $ 67,250 actual cost
Units completed 5,200
Units sold 5,500 at $ 40 each
Posted Date: