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Answered
Rosser Company produces a container that requires 4 yards of material per unit. The standard price of one yard of material is $4.50. During the month, 9,500 chairs were manufactured using 37,300 yards of material.Journalize the entry to record the standard direct materials used in production.
On May 06, 2024
Work in Process (9,500×4×$4.50)171,000 Direct Materials Quantity Variance 3,150 Materials (37,300×$4.50)167,850\begin{array} { | c | r | r | } \hline \text { Work in Process } ( 9,500 \times 4 \times \$ 4.50 ) & 171,000 & \\\hline \text { Direct Materials Quantity Variance } & & 3,150 \\\hline \text { Materials } ( 37,300 \times \$ 4.50 ) & & 167,850 \\\hline\end{array} Work in Process (9,500×4×$4.50) Direct Materials Quantity Variance Materials (37,300×$4.50)171,0003,150167,850