Question 6 Journalize the following transactions for Marigold, Inc. (a) Incurred direct labor costs of $23,700 for 3...
Question 6
Journalize the following transactions for Marigold, Inc.
| (a) | Incurred direct labor costs of $23,700 for 3,000 hours. The standard labor cost was $24,150. | |
| (b) | Assigned 3,000 direct labor hours costing $23,700 to production. Standard hours were 3,120. |
(Credit account titles are automatically indented when
amount is entered. Do not indent manually. Round per unit values to
2 decimal places, e.g. 52.75 and final answers to 0 decimal places,
e.g. 52.)
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No. |
Account Titles and Explanation |
Debit |
Credit |
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(a) |
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(b) |
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Homework Answers
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No. |
Account Titles and Explanation |
Debit |
Credit |
|
(a) |
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Labor price variance |
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(b) |
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$24,150 |
Factory
laborQuantity variance = (3000-3120)*$24,150/3000 = $966
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Question 6 Journalize the following transactions for Marigold, Inc. (a) Incurred direct labor costs of $23,700 for 3...
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(a)
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(b)
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(Credit account titles are automatically indented when
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No.
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Credit
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Brief Exercise 23-9
Journalize the following transactions for Shelton, Inc
(a)
Incurred direct labor costs of $24,300 for 4,590 hours. The
standard labor cost was $25,888.
(b)
Assigned 4,590 direct labor hours costing $24,300 to
production. Standard hours were 4,770.
(Credit account titles are automatically indented when
amount is entered. Do not indent manually. Round answers to 0
decimal places, e.g. 125.)
No.
Account Titles and Explanation
Debit
Credit
(a)
(b)
We were unable to transcribe this imageWe were unable...
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