The following direct labor variance analysis was performed for Longman. Requirements 1. Record Longmans direct labor journal

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The following direct labor variance analysis was performed for Longman.

Requirements
1. Record Longmanâ€™s direct labor journal entry (use Wages Payable).
2. Explain what management will do with this varianceinformation.

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Horngrens Financial and Managerial Accounting

ISBN: 978-0133255584

4th Edition

Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura

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Question Posted: Jan 16, 2015 10:20 AM

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The following direct labor variance analysis was performed for Longman. Requirements 1. Record Longmans direct labor journal

Question:

10r DLHr 1,700 DLHr $18,700 SCxAQ $13.00 per DLHr 1,700 DLH $22,100 $13.00 per DLHr 1,250 DLHr 16,250 Cost Varfance $3,400 F Efficdency Variance 5,850 U

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Requirement 1 Date Accounts and Explanation Debit Credit WorkinProcess Inventory 16250 Direct Labor Efficiency Variance 5850 Direct Labor Cost Varianc...View the full answer

Horngrens Financial and Managerial Accounting

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