Question

question 13
pinckney corporation has provided the following data concerning its direct labor costs for november:
standard wage rate $12.20 per dlh
standard hours 5.3 dlhs per unit
actual wage rate $11.20 per dlh
actual hours 39,720 dlhs
actual output 7,900 units
required:
show the journal entry to record the incurrence of direct labor costs.
question 14
iba industries is a division of a major corporation. the following data are for the latest year of operations:
sales $5,820,000
net operating income $436,500
average operating assets $2,000,000
the company’s minimum required rate of return 18%
required:
what is the division’s residual income?
question 15
tullius corporation has received a request for a special order of 8,000 units of product c64 for $50.00 each. the normal selling price of customer. the normal unit product cost of product c64 is computed as follows:
direct materials $18.10
direct labor 7.40
variable manufacturing overhead 5.20
fixed manufacturing overhead 4.80
unit production cost $35.50
direct labor is a variable cost. the special order would have no effect on the company’s total fixed manufacturing overhead costs. the cus has ample spare capacity for producing that would require a one - time investment of $43,000 in special molds that would have no subse

Explanation:

Answer:

Work in Process Inventory $505,164$, Labor Rate Variance $39,720$, Labor Efficiency Variance $15,840$, Wages Payable $469,080$
$86,500$