Madringa's Draperies manufactures curtains. Curtain #4571 requires the following yards at 85 per yard Det material standard Dewch labor standed During the second quarter, the company purchased 20,400 square yards at a cost o a. Compute the material price and quantity variances Note: Do not use a negative sign with your answers Materal price vanance Material que variance b. Prepare the journal entries for the purchase and use of direct material Note: Round amounts to the nearest whole dollar. Note: Record any multiple debits or any multiple credits in alphabetical order by account name Debit Credit . . 6 To record mural qurity verance Compute labor rate and labor efficiency variances Note: Do not use a negative sign with your answers Note: Round your final answer to the nearest whole dollar Labor e c used 19.800 square yards to produce 1.800 Curtain #4571s. Direct labor totaled 9.120 hours for $95 d. Prepare the journal entry to accrue direct labor cost and record the labor variances for the quarter Account Credi

Madringa's Draperies manufactures curtains. Curtain #4571 requires the following yards at 85 per yard Det material standard Dewch labor standed During the second quarter, the company purchased 20,400 square yards at a cost o a. Compute the material price and quantity variances Note: Do not use a negative sign with your answers Materal price vanance Material que variance b. Prepare the journal entries for the purchase and use of direct material Note: Round amounts to the nearest whole dollar. Note: Record any multiple debits or any multiple credits in alphabetical order by account name Debit Credit . . 6 To record mural qurity verance Compute labor rate and labor efficiency variances Note: Do not use a negative sign with your answers Note: Round your final answer to the nearest whole dollar Labor e c used 19.800 square yards to produce 1.800 Curtain #4571s. Direct labor totaled 9.120 hours for $95 d. Prepare the journal entry to accrue direct labor cost and record the labor variances for the quarter Account Credi

Name: Ef 75. DM & DL variances; journal entriesMadinga's Draperies manufactu
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Description: Ef 75. DM & DL variances; journal entriesMadinga's Draperies manufactures curtains. Curtain #4571 requires the followingDet material standard 10 square yards at $5 per yardDirect labor standard5 hours at $10 per hourDuring the second quarter, the com

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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