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)
3 weeks = 21 days
Let Jerrad's vacation be X then Max's be 2X and Wesley's 4X
X+2X+4X=21
7X=21 devide by 7
X=3 so Jerrad had 3 days vacation
2*3= 6 Max had 6 days
4*3=12 Wesley had 12 days vacation
Answer:
x+43
Step-by-step explanation:
