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Author Question: Mayberry Company had the following journal entries recorded for the end of June. Unfortunately, the ... (Read 25 times)

09madisonrousseau09

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

kishoreddi

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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.
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09madisonrousseau09

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Reply 2 on: Mar 6, 2021
YES! Correct, THANKS for helping me on my review

cdmart10

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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