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Cornerstones of Managerial Accounting 4th Edition by Maryanne Mowen, Don Hansen, Dan Heitger
Edition 4ISBN: 978-0324380767Cornerstones of Managerial Accounting 4th Edition by Maryanne Mowen, Don Hansen, Dan Heitger
Edition 4ISBN: 978-0324380767 Exercise 51
(Appendix 10A) Labor Variances, Journal Entries
Escuchar Products, a producer of DVD players, has established a labor standard for its product-direct labor: 2 hrs at $9.65 per hour. During January, Escuchar produced 12,800 DVD players. The actual direct labor used was 25,040 hours at a total cost of $245,392.
Required:
1. Compute the labor rate and efficiency variances.
2. Prepare journal entries for all activities relating to labor.
Escuchar Products, a producer of DVD players, has established a labor standard for its product-direct labor: 2 hrs at $9.65 per hour. During January, Escuchar produced 12,800 DVD players. The actual direct labor used was 25,040 hours at a total cost of $245,392.
Required:
1. Compute the labor rate and efficiency variances.
2. Prepare journal entries for all activities relating to labor.
Explanation
Verified
Verified
In the given situation, the variances an...
Cornerstones of Managerial Accounting 4th Edition by Maryanne Mowen, Don Hansen, Dan Heitger
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