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Amada Company's standard cost system reports this information from its December operations. Standard direct naterials cost $ 104,000 Direct materials quantity variance Direct materials price variance Actual direct labor cost Direct labor efficiency variance Direct labor rate variance Actual overhead cost Volume variance Controllable variance View transaction list Required: 1. Prepare December 31 journal entries to record the company's costs and variances for the month for (a) direct materials, (b) direct labor, and (c) overhead. Ignore the journal entry to close the variances. Journal entry worksheet Record overhead costs and variances. Note: Enter debits before credits. Date December 31 3, 408 U GOD F General Journal 87,808 6,908 F 1, 108 U 374, 508 12, 008 U 8, 908 U Debit Credit

Amada Company's standard cost system reports this information from its December operations. Standard direct naterials cost $ 104,000 Direct materials quantity variance Direct materials price variance Actual direct labor cost Direct labor efficiency variance Direct labor rate variance Actual overhead cost Volume variance Controllable variance View transaction list Required: 1. Prepare December 31 journal entries to record the company's costs and variances for the month for (a) direct materials, (b) direct labor, and (c) overhead. Ignore the journal entry to close the variances. Journal entry worksheet Record overhead costs and variances. Note: Enter debits before credits. Date December 31 3, 408 U GOD F General Journal 87,808 6,908 F 1, 108 U 374, 508 12, 008 U 8, 908 U Debit Credit

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Amada Company's standard cost system reports this information from its December operations. $ 184,808 Standard direct materials cost Direct materials quantity variance Direct materials price variance Actual direct labor cost Direct labor efficiency variance Direct labor rate variance Actual overhead cost Volume variance Controllable variance View transaction list Required: 1. Prepare December 31 journal entries to record the company's costs and variances for the month for (a) direct materials, (b) direct labor, and (c) overhead. Ignore the journal entry to close the variances. Journal entry worksheet 1 Record overhead costs and variances. Note: Enter debits before credits. Date December 31 3, 408 U 608 F 87,808 6,908 F 1, 108 U 508 12, 808 U 8, 908 U General Journal 374, Debit Credit
Transcribed Image Text:Amada Company's standard cost system reports this information from its December operations. $ 184,808 Standard direct materials cost Direct materials quantity variance Direct materials price variance Actual direct labor cost Direct labor efficiency variance Direct labor rate variance Actual overhead cost Volume variance Controllable variance View transaction list Required: 1. Prepare December 31 journal entries to record the company's costs and variances for the month for (a) direct materials, (b) direct labor, and (c) overhead. Ignore the journal entry to close the variances. Journal entry worksheet 1 Record overhead costs and variances. Note: Enter debits before credits. Date December 31 3, 408 U 608 F 87,808 6,908 F 1, 108 U 508 12, 808 U 8, 908 U General Journal 374, Debit Credit
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