Cornerstones of Managerial Accounting 4th Edition by Maryanne Mowen, Don Hansen, Dan Heitger

تمرين 43

Deporte Company produces single-colored t-shirts. Materials for the shirts are dyed in large vats. After dying the materials for a given color, the vats must be cleaned and prepared for the next batch of materials to be colored. The following standards for changeover for a given batch have been established:
During the year, 79,500 pounds of material were purchased and used for the changeover activity. There were 30,000 batches produced, with the following actual prime costs:
(Appendix 10A) Journal Entries
Refer to the information for Deporte Company above.
Required:
1. Prepare a journal entry for the purchase of raw materials.
2. Prepare a journal entry for the issuance of raw materials.
3. Prepare a journal entry for the addition of labor to Work in Process.
4. Prepare a journal entry for the closing of variances to Cost of Goods Sold.