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Sunland Incorporated reports the following resultsDirect materia.pdf

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Sunland Incorporated reports the following results Direct material variance results Direct materials purchased $27,430 Unfavourable materials price variance $1,960 Favourable materials quantity variance $580 Direct materials cost based on standard quantity allowed for units produced $19,430 Units produced are not equal to units used in production Direct labour variance results Direct labour cost incurred $125,870 Favourable direct labour rate variance $2,150 Unfavourable direct labour efficiency variance $6,600 Direct labour cost based on standard hours allowed for units produced $121,420 Required: Prepare the journal entry to record the purchase of materials on account. Prepare the journal entry to record the use of materials for the month. Prepare the journal entry to record the incurrence of direct labour cost for the month. Direct material variance results Direct materials purchased $27,430 Unfavourable materials price variance $1,960 Favourable materials quantity variance $580 Direct materials cost based on standard quantity allowed for units produced $19,430.

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Sunland Incorporated reports the following results Direct material variance results Direct materials purchased $27,430 Unfavourable materials price variance $1,960 Favourable materials quantity variance $580 Direct materials cost based on standard quantity allowed for units produced $19,430 Units produced are not equal to units used in production Direct labour variance results Direct labour cost incurred $125,870 Favourable direct labour rate variance $2,150 Unfavourable direct labour efficiency variance $6,600 Direct labour cost based on standard hours allowed for units produced $121,420 Required: Prepare the journal entry to record the purchase of materials on account. Prepare the journal entry to record the use of materials for the month. Prepare the journal entry to record the incurrence of direct labour cost for the month. Direct material variance results Direct materials purchased $27,430
Unfavourable materials price variance $1,960 Favourable materials quantity variance $580 Direct materials cost based on standard quantity allowed for units produced $19,430

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Sunland Incorporated reports the following resultsDirect materia.pdf

  • 1. Sunland Incorporated reports the following results Direct material variance results Direct materials purchased $27,430 Unfavourable materials price variance $1,960 Favourable materials quantity variance $580 Direct materials cost based on standard quantity allowed for units produced $19,430 Units produced are not equal to units used in production Direct labour variance results Direct labour cost incurred $125,870 Favourable direct labour rate variance $2,150 Unfavourable direct labour efficiency variance $6,600 Direct labour cost based on standard hours allowed for units produced $121,420 Required: Prepare the journal entry to record the purchase of materials on account. Prepare the journal entry to record the use of materials for the month. Prepare the journal entry to record the incurrence of direct labour cost for the month. Direct material variance results Direct materials purchased $27,430
  • 2. Unfavourable materials price variance $1,960 Favourable materials quantity variance $580 Direct materials cost based on standard quantity allowed for units produced $19,430