Rosser Company records standard costs and variances in its accounts. 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 direct materials used in production.

Question

Rosser Company records standard costs and variances in its accounts. 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 direct materials used in production.

Quizplus · Accepted Answer

The Answer of Rosser Company records standard costs and variances in its accounts. 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 direct materials used in production.

Rosser Company Records Standard Costs and Variances in Its Accounts