Hart Company made 3,300 shelves using 22,300 pounds of wood costing $303,280. The company's direct materials...

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Hart Company made 3,300 shelves using 22,300 pounds of wood costing $303,280. The company's direct materials standards for one shelf are 8 pounds of wood at $13.50 per pound. Exercise 21-14A (Algo) Recording and closing materials variances LO P6 Hart Company uses a standard costing system, Prepare the journal entry to charge direct materials costs to Work in Process Inventory and record the direct materials variances. View transaction list Journal entry worksheet Record direct materiais price and quantity variances. Note: Enter debits before credits Transaction General Journal Debit Credit Hart Company made 3,300 shelves using 22,300 pounds of wood costing $303,280. The company's direct materials standards for one shelf are 8 pounds of wood at $13.50 per pound. Exercise 21-14A (Algo) Recording and closing materials variances LO P6 Hart Company uses a standard costing system, Prepare the journal entry to charge direct materials costs to Work in Process Inventory and record the direct materials variances. View transaction list Journal entry worksheet Record direct materiais price and quantity variances. Note: Enter debits before credits Transaction General Journal Debit Credit

Answer rating: 100% (QA)

Actual cost 303280 Standard cost allowed 330081350 356400 Direct material ... View the full answer