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Illustrate the journal entry to dispose of any variances

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The finishing department of Mozart Company produced 25,000 units during November. The standard number of direct labor-hours per unit is two hours. The standard rate per hour is $37.80. During the month, 51,250 direct labor-hours were worked at a cost of $1,742,500.

Question a. Compute labor variances.

Question b. Using T-accounts, illustrate recording the labor data in a journal entry.

Question c. Using T-accounts, illustrate the journal entry to dispose of any variances (close to Cost of Goods Sold).

Reference no: EM132783193

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