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Title: Waddell Productions makes separate journal entries for all cost accounting-related activities. It us Post by: jerico on Mar 13, 2015 Waddell Productions makes separate journal entries for all cost accounting-related activities. It uses a standard cost system for all manufacturing items. For the month of June, the following activities have taken place:
Direct Manufacturing Materials Purchased $300,000 Direct Manufacturing Materials Used 250,000 Direct Materials Price Variance 10,000 unfavorable (at time of purchase) Direct Materials Efficiency Variance 15,000 favorable Direct Manufacturing Labor Price Variance 6,000 favorable Direct Manufacturing Labor Efficiency Variance 4,000 favorable Direct Manufacturing Labor Payable 170,000 Required: Record the necessary journal entries to close the accounts for the month. Title: Re: Waddell Productions makes separate journal entries for all cost accounting-related activities. I Post by: cyborg on Mar 19, 2015 Content hidden
Title: Re: Waddell Productions makes separate journal entries for all cost accounting-related activities. It us Post by: jerico on Mar 23, 2015 This solved my problem perfectly, thank you for your kind input.
Title: Re: Waddell Productions makes separate journal entries for all cost accounting-related activities. It us Post by: cyborg on Mar 23, 2015 Sweet, you're welcome.
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