Solved by Expert Tutors
Solved by Expert Tutors
Question

1.Which of the following is NOT a plausible cause of a direct labor efficiency variance?

Group of answer choices


Materials used are different from those specified.


Inadequate supervision of workers.


Poor scheduling of work.


Failure to update the standard cost to conform to wage provisions in the union contract.


2.ABC company uses a standard costing system. In April 2019, $1,000 of unfavorable price variance and $2,000 of favorable efficiency variance for direct labor were recorded. In addition, the company recorded $2,500 of unfavorable variable overhead flexible budget variance and $3,000 of favorable fixed overhead variance. The company makes year-end adjustments to close all variances into the cost of goods sold account. Which of the following journal entries would have been recorded for April?

Group of answer choices



Debit cost of goods sold for $1,500


Credit cost of goods sold for $1,500


Debit cost of goods sold for $8,500


Credit direct labor efficiency variance for $2,000

Step-by-step answer

  • ac, dictum vitae odio. Donec aliquet. Lorem ipsum
  • ng elit. Nam lacinia pulvinar tortor
  • acinia pulvi
    • sus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, cong
    • molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsu
    • risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac,
    • a. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit
    • pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a mofficitur laoreet. Namx
    • icitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum



    • cing elit. Nam lacinia
    • Donec aliquet. Lorem ipsum dolor sit amet, consdictum v
    • itur laoreet. Nam risus ante, dapibdictum v
    • sque dapibus efficitur laoreet. Nam risus ante, dapibus


    • fficitur laoreet. Nam
    • facilisis. Pellentesquece dui lectu
    • , dictum vitae odio. Donec aliquet. Lorem ipsum dolor sitce dui lectu
    • ia pulvinar tortor nec faciligue vel laoreet ac, dictum vitae o
    • m risus ante, dapibus a molestie consecing eur laoree


    • risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus

Subscribe to view the full answer

Subject: Accounting, Business

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question