Answer:
one solution
Step-by-step explanation:
Answer:
Debit Cost of Goods Sold $710
Credit Material Price Variance $40
Credit Material Usage Variance $225
Credit Labor Rate Variance $110
Credit Labor Efficiency Variance $335
Step-by-step explanation:
Preparation of the journal entry to be passed by Theta Company at the end of the month of February to close the variances
Debit Cost of Goods Sold $710
($40+$225+$110+$335)
Credit Material Price Variance $40
Credit Material Usage Variance $225
Credit Labor Rate Variance $110
Credit Labor Efficiency Variance $335
(To close the variances)
Answer:
Collin is 37.5 and Sara is 47.5
Step-by-step explanation:
s+c=85
c+10=s
(c+10)+c=85
2c+10=85
2c=75
c=37.5
s+(37.5)=85
s=47.5
