Carla Vista Company purchases $48000 of raw materials on account, and it incurs $57600 of factory labor costs. Supporting records show that (a) the Assembly department used $33600 of direct labor, and (b) the finishing department used the remainder. Manufacturing overhead is assigned to departments on the basis of 160% of labor costs. Journalize the assignment of overhead to the assembly and finishing department (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) No hand written and fast answer with explanation
Variance Analysis
In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance.
Standard Costing
The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.
Carla Vista Company purchases $48000 of raw materials on account, and it incurs $57600 of
Journalize the assignment of overhead to the assembly and finishing department (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
No hand written and fast answer with explanation
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