Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta

تمرين 35

Kenya Company's standard cost accounting system recorded this information from its June operations.

Required
1. Prepare journal entries dated June 30 to record the company's costs and variances for the month. (Do not prepare the journal entry to close the variances.)
Analysis Component
2. Identify the variances that would attract the attention of a manager who uses management by exception. Describe what action(s) the manager should consider.