The following direct materials variance analysis was performed for Brookman. Requirements 1. Record Brookman's direct materials journal
Question:
The following direct materials variance analysis was performed for Brookman.
Requirements
1. Record Brookman's direct materials journal entries. Assume purchases were made on account.
2. Explain what management will do with this variance information.
Transcribed Image Text:
AC × AQ 0.70 per pound 7,500 pounds 5,250 SCxA。 $0.30 pør pound SC × SQ 0.30 per pound 7,100 pounds $2,130 7,500 pounds 2,250 Cost Variance $3,000 U Effidency Varianc $120 U
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Requirement 1 Date Accounts and Explanation Debit Credit Raw Materials Inventory 2250 Direct Materials Cost Variance 3000 Accounts Payable 5250 Purcha...View the full answer
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Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133255584
4th Edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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