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Journalize entries to record materials and labor variances

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Question - Levine Inc, which produces a single product, has prepared the following standard cost sheet far one unit of the product.

Direct materials (6 pounds at $2.30 per pound) - $16.30

Direct labor (6 hours at $13.00 per hour) - $78.00

During the month of April, the company manufactures 190 units and incurs the following actual costs.

Direct materials purchased and used {1,210 pounds) - $3,509

Direct labor (1,170 hnurs) - $14,976

Journalize the entries to record the materials and labor variances.

Reference no: EM131701883

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