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.

Question

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.

lizzy zarrello · Accepted Answer

Final Answer :   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 	ext { Work in Process } ( 9,500 	imes 4 	imes \$ 4.50 )  &  171,000  &  \\hline 	ext { Direct Materials Quantity Variance }  &   &  3,150 \\hline 	ext { Materials } ( 37,300 	imes \$ 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 , 000 ​ 3 , 150 167 , 850 ​ ​

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.

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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.

Definitions

Learning Objectives

Learning Objectives

Related questions

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.