Preparing Journal Entries to Record Direct Material, Direct Labor, Variable Manufacturing Overhead
Refer to the information in PA10-5 for Darting Around Company.
Required:
Prepare the journal entry to record the following for Darting Around:
1.Direct materials costs and related variances. Assume the company purchases raw materials as needed and does not maintain any ending inventories.
2. Direct labor and related variances.
3. Variable overhead costs and related variances.
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