The Following Information Comes from the Records of Dina Co

question 24

Essay

The following information comes from the records of Dina Co.for the current period.
a.Compute the direct materials price and quantity variances,direct labor rate and efficiency variances and state whether the variance is favorable or unfavorable.
b.Prepare the journal entries to charge direct materials and direct labor costs to goods in process and the materials and labor variances to their proper accounts.
Factory overhead (based on budgeted production of 24,500 units)
Variable overhead $2.25/direct labor hour
Fixed overhead $1.95/direct labor hour

---

Definitions:

Following Up

The process of making additional inquiries or actions after an initial interaction or communication.

Résumé

A concise document summarizing an individual’s employment history, skills, and educational background, targeted at securing employment.

Cold Calling

The practice of approaching prospective customers or clients, typically via telephone, who has had no prior contact with the salesperson.

Prospecting

The process of searching for potential customers, clients, or buyers, typically in sales and marketing contexts.