The Jurcevich Corporation manufactures and sells a single product.A standard cost system is used by the company.The standard factory overhead cost for a unit of product is as follows: The overhead cost per unit was calculated for the year based on a 60,000 unit volume as follows: The charges to the manufacturing department for April are given below for the 5,200 units produced: (a)Assuming Jurcevich uses the two-variance method of analyzing factory overhead,calculate the following variances from standard cost: (b)Prepare the journal entry to apply factory overhead to work in process and record the variances.

Question

The Jurcevich Corporation manufactures and sells a single product.A standard cost system is used by the company.The standard factory overhead cost for a unit of product is as follows:  The overhead cost per unit was calculated for the year based on a 60,000 unit volume as follows:  The charges to the manufacturing department for April are given below for the 5,200 units produced:  (a)Assuming Jurcevich uses the two-variance method of analyzing factory overhead,calculate the following variances from standard cost:  (b)Prepare the journal entry to apply factory overhead to work in process and record the variances.

Quizplus · Accepted Answer

The Answer of The Jurcevich Corporation manufactures and sells a single product.A standard cost system is used by the company.The standard factory overhead cost for a unit of product is as follows:  The overhead cost per unit was calculated for the year based on a 60,000 unit volume as follows:  The charges to the manufacturing department for April are given below for the 5,200 units produced:  (a)Assuming Jurcevich uses the two-variance method of analyzing factory overhead,calculate the following variances from standard cost:  (b)Prepare the journal entry to apply factory overhead to work in process and record the variances.

The Jurcevich Corporation Manufactures and Sells a Single Product