Chapter 10 Appendix B Journal Entries to Record Variances
Bordes Corporation has provided the following data concerning its most important raw
material, compound R85F:
The raw material was purchased on account.
30. The debits to the Raw Materials account for May would total:
Chapter 10 Appendix B Journal Entries to Record Variances
31. The credits to the Raw Materials account for May would total:
32. The Materials Price Variance for May would be recorded as a:
Chapter 10 Appendix B Journal Entries to Record Variances
10B–25
33. The Materials Quantity Variance for May would be recorded as a:
Compound Q11H is a raw material used to make Grater Corporation’s major product. The
standard cost of compound Q11H is $23.00 per ounce and the standard quantity is 3.8 ounces
per unit of output. Data concerning the compound for October appear below:
The raw material was purchased on account.
Chapter 10 Appendix B Journal Entries to Record Variances
34. The debits to the Raw Materials account for October would total:
35. The credits to the Raw Materials account for October would total:
Chapter 10 Appendix B Journal Entries to Record Variances
36. The Materials Price Variance for October would be recorded as a:
37. The Materials Quantity Variance for October would be recorded as a:
Chapter 10 Appendix B Journal Entries to Record Variances
Karo Corporation has provided the following data concerning its direct labor costs for
December:
38. The journal entry to record the incurrence of direct labor costs in December would include
the following for Work in Process:
Chapter 10 Appendix B Journal Entries to Record Variances
39. The Labor Rate Variance for December would be recorded as a:
Chapter 10 Appendix B Journal Entries to Record Variances
10B–30
40. The Labor Efficiency Variance for December would be recorded as a:
Mate Corporation’s standard wage rate is $11.90 per direct labor-hour (DLH) and according
to the standards, each unit of output requires 4.5 DLHs. In May, 2,900 units were produced,
the actual wage rate was $11.50 per DLH, and the actual hours were 15,530 DLHs.
Chapter 10 Appendix B Journal Entries to Record Variances
41. In the journal entry to record the incurrence of direct labor costs in May, the Work in
Process entry would consist of a:
Chapter 10 Appendix B Journal Entries to Record Variances
42. The Labor Rate Variance for May would be recorded as a:
Chapter 10 Appendix B Journal Entries to Record Variances
10B–33
43. The Labor Efficiency Variance for May would be recorded as a:
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