Recording Standards in AccountsThe Assembly Department produced 2,000 units of product duringMarch. Each unit...Recording...

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Accounting

Recording Standards in Accounts
The Assembly Department produced 2,000 units of product duringMarch. Each unit required 1.5 standard direct labor hours. Therewere 3,200 actual hours used in the Assembly Department duringMarch at an actual rate of $13.5 per hour. The standard directlabor rate is $14.5 per hour.
Assuming direct labor for a month is paid on the fifth day ofthe following month, journalize the direct labor in the AssemblyDepartment on March 31. For a compound transaction, if an amountbox does not require an entry, leave it blank.
March 31
Direct Labor RateVariance
Direct Labor RateVariance
Wages Payable

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All Working forms part of the answer Calculation of Variances Standard hours 2000 actual units x 15 standard labor hours per unit 3000 hours SH Labor Rate Variance See Answer

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In: AccountingRecording Standards in AccountsThe Assembly Department produced 2,000 units of product duringMarch. Each unit...Recording Standards in AccountsThe Assembly Department produced 2,000 units of product duringMarch. Each unit required 1.5 standard direct labor hours. Therewere 3,200 actual hours used in the Assembly Department duringMarch at an actual rate of $13.5 per hour. The standard directlabor rate is $14.5 per hour.Assuming direct labor for a month is paid on the fifth day ofthe following month, journalize the direct labor in the AssemblyDepartment on March 31. For a compound transaction, if an amountbox does not require an entry, leave it blank.March 31Direct Labor RateVarianceDirect Labor RateVarianceWages Payable

March 31
	Direct Labor RateVariance
	Direct Labor RateVariance
	Wages Payable