By year-end, Whispering Corp. had recognized standard cost variances for all of its produc and fixed-MOH. The following variances exist per the trial balances; the balance of COGS at this time is $115,710. DM price variance DM efficiency variance DL price variance $4,940 Credit 3,510 Debit 1,890 Debit including DM, DL, variabi Variable-MOH price variance Variable-MOH efficiency variance Fixed-MOH price variance $3,480 Debit 220 Debit 2,170 Debit

By year-end, Whispering Corp. had recognized standard cost variances for all of its produc and fixed-MOH. The following variances exist per the trial balances; the balance of COGS at this time is $115,710. DM price variance DM efficiency variance DL price variance $4,940 Credit 3,510 Debit 1,890 Debit including DM, DL, variabi Variable-MOH price variance Variable-MOH efficiency variance Fixed-MOH price variance $3,480 Debit 220 Debit 2,170 Debit

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter8: Standard Cost Accounting—materials, Labor, And Factory Overhead

Section: Chapter Questions

Problem 13E: Using variance analysis and interpretation Last year, Wrigley Corp. adopted a standard cost system....

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