Bramble Corp. supplies its customers with high-quality canvas tents. These canvas tents sell for $170 each, with the following DM and DL usage and price expectations. Direct materials Direct labor Variable-MOH 11 square yards per unit 1.3 DL hours per unit 1.3 DL hours per unit @ $6/square yard @$18/DL hour @$3.00/DL hour Throughout the year, Bramble used 3,874 DL hours in the process of making 3,050 tents. The company had originally planned to produce and sell 2,750 tents. Its actual variable-MOH costs totaled $11,816 for the year.
Bramble Corp. supplies its customers with high-quality canvas tents. These canvas tents sell for $170 each, with the following DM and DL usage and price expectations. Direct materials Direct labor Variable-MOH 11 square yards per unit 1.3 DL hours per unit 1.3 DL hours per unit @ $6/square yard @$18/DL hour @$3.00/DL hour Throughout the year, Bramble used 3,874 DL hours in the process of making 3,050 tents. The company had originally planned to produce and sell 2,750 tents. Its actual variable-MOH costs totaled $11,816 for the year.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
3
Transcribed Image Text:Record the journal entries to accompany the following transactions for variable-MOH: (1) actual variable-MOH cost incurred
(consider that half was for utilities not yet paid, and half was for accrued indirect labor), (2) allocation of variable-MOH cost to
production, and (3) recognition of specific variable-MOH variances (while closing out the Variable-MOH Control account).
(Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is
required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit
entries.)
No. Account Titles and Explanation
(1)
(2)
(3)
Debit
Credit
11
Transcribed Image Text:Bramble Corp. supplies its customers with high-quality canvas tents. These canvas tents sell for $170 each, with the following DM
and DL usage and price expectations.
Direct materials
Direct labor
Variable-MOH
11 square yards per unit
1.3 DL hours per unit
1.3 DL hours per unit
@ $6/square yard
@ $18/DL hour
@ $3.00/DL hour
Throughout the year, Bramble used 3,874 DL hours in the process of making 3,050 tents. The company had originally planned to
produce and sell 2,750 tents. Its actual variable-MOH costs totaled $11,816 for the year.
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