5e sol09-03 - 3) Journal entries: Materials Materials...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Cost Management Hansen and Mowen Ex 9-3 Name: SOLUTION Enter the appropriate amounts in the shaded cells in columns B, D, F, H, J, and L. 1) Material variances: AQ x AP AQ x SP SQ x 855,000 x $0.055 855,000 x $0.060 825,000 x $47,025 $51,300 $4,275 F $1,800 U MPV MUV 2) Labor variances: AH x AR AH x SR SH x 7,800 x $2.25 7,800 x $2.00 7,500 x $17,550 $15,600 $1,950 U $600 U LRV LEV Enter the appropriate account titles in the shaded cells in columns B and D. Enter the appropriate amounts in the shaded cells in columns F and H.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 3) Journal entries: Materials Materials Inventory 51,300 Materials Price Variance 4,275 Accounts Payable 47,025 Work in Process 49,500 Materials Usage Variance 1,800 Materials Inventory 51,300 Labor Work in Process 15,000 Labor Efficiency Variance 600 Labor Rate Variance 1,950 Wages Payable 17,550 Cost Management Hansen and Mowen SP $0.060 $49,500 SR $2.00 $15,000...
View Full Document

This note was uploaded on 11/05/2009 for the course BUS ACC202 taught by Professor Achillies during the Spring '09 term at NC Wesleyan.

Page1 / 2

5e sol09-03 - 3) Journal entries: Materials Materials...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online