This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Mayberry Company had the following journal entries recorded for the end of June. Unfortunately, the ... (Read 72 times)

09madisonrousseau09

  • Hero Member
  • *****
  • Posts: 559
on: Mar 6, 2021
Mayberry Company had the following journal entries recorded for the end of June. Unfortunately, the company's only accountant quit on July 10 and the president is at a loss as to the company's performance for the month of June.

Materials Control300,000
Direct Materials Price Variance10,000
Accounts Payable Control290,000

Work-in-Process Control120,000
Direct Materials Efficiency Variance8,000
Materials Control128,000

Work-in-Process Control850,000
Direct Manufacturing Labor Price Variance15,000
Direct Manufacturing Labor Efficiency Variance18,000
Wages Payable Control847,000

Required: 
a.What kind of performance did the company have for June? Explain each variance.
b.Why is Direct Materials given in two entries? 
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by 09madisonrousseau09 on Mar 6, 2021

kishoreddi

  • Sr. Member
  • ****
  • Posts: 329
    • Your online Help in Biology and chemistry
Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 64% of students answer this correctly


09madisonrousseau09

  • Member
  • Posts: 559
Reply 2 on: Mar 6, 2021
Wow, this really help

Sarahjh

  • Member
  • Posts: 370
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

“Ich bin ein Berliner” (I am a Berliner), Kennedy declared from a balcony in West Berlin in June ... “Ich bin ein Berliner” (I am a Berliner), Kennedy declared from a balcony in West Berlin in June ...
Cortical EEG recorded during epileptic attacks. Notice that each trace is characterized by epileptic ... Cortical EEG recorded during epileptic attacks. Notice that each trace is characterized by epileptic ...
Accounting (Making Entries) Accounting (Making Entries)
Helgeson Company has identified the following items for possible inclusion when taking a ... Helgeson Company has identified the following items for possible inclusion when taking a ...
Butterfly life cycle stages June 6 2023 Butterfly life cycle stages June 6 2023
June 23 2023 June 23 2023
Video: HDL (high density lipoprotein)

For a complete list of videos, visit our video library