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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...
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- Spring '09
- Managerial Accounting, Trigraph, shaded cells, Variance Wages Payable