(Appendix 10B)The Lahn Company produces and sells a single product.Standards have been established for the product as follows:

Actual cost and usage figures for the past month follow:

Required:

Prepare journal entries to record:

a) The purchase of raw materials.
b) The usage of raw materials in production.
c) The incurrence of direct labour cost.

Question

(Appendix 10B)The Lahn Company produces and sells a single product.Standards have been established for the product as follows:

Actual cost and usage figures for the past month follow:

Required:

Prepare journal entries to record:

a) The purchase of raw materials.
b) The usage of raw materials in production.
c) The incurrence of direct labour cost.

Quizplus · Accepted Answer

The Answer of (Appendix 10B)The Lahn Company produces and sells a single product.Standards have been established for the product as follows:

Actual cost and usage figures for the past month follow:

Required:

Prepare journal entries to record:

a) The purchase of raw materials.
b) The usage of raw materials in production.
c) The incurrence of direct labour cost.

(Appendix 10B)The Lahn Company Produces and Sells a Single Product