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Prepare december journal entries to record the company costs

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Reference no: EM131789648

Problem - Materials, labor, and overhead variances recorded and analyzed

Brose Company's standard cost accounting system recorded this information from its December operations.

Standard direct materials cost

$104,000

Direct materials quantity variance (unfavorable)

3,000

Direct materials price variance (favorable)

550

Actual direct labor cost

90,000

Direct labor efficiency variance (favorable)

6,850

Direct labor rate variance (unfavorable)

1,200

Actual overhead cost

375,000

Volume variance (unfavorable)

13,000

Controllable variance (unfavorable)

9,000

Required: Prepare December 31 journal entries to record the company's costs and variances for the month.

Reference no: EM131789648

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