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Author Question: Waddell Productions makes separate journal entries for all cost accounting-related activities. It ... (Read 31 times)

CQXA

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on: Mar 6, 2021
Waddell Productions makes separate journal entries for all cost accounting-related activities. It uses a standard cost system for all manufacturing items. For the month of June, the following activities have taken place: 

Direct Manufacturing Materials Purchased$300,000
Direct Manufacturing Materials Used250,000
Direct Materials Price Variance10,000unfavorable
 (at time of purchase)
Direct Materials Efficiency Variance15,000favorable
Direct Manufacturing Labor Price Variance6,000favorable
Direct Manufacturing Labor Efficiency Variance4,000favorable
Direct Manufacturing Labor Payable170,000

Required: 
Record the necessary journal entries to close the accounts for the month.
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by CQXA on Mar 6, 2021

vickybb89

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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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CQXA

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Reply 2 on: Mar 6, 2021
Great answer, keep it coming :)

LVPMS

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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