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Title: Rees Manufacturing uses a standard cost system. Standards for direct materials are as follows:Direct ... Post by: Deprecated on Sep 21, 2016 Rees Manufacturing uses a standard cost system. Standards for direct materials are as follows:
Direct materials (pounds per unit of output) 3 Cost per pound of direct materials $6 Actual purchases of direct materials for the current month are 10,000 pounds for $48,600. Planned and actual production for the month is 3,100 units. Rees has issued 10,000 pounds of direct materials to production. The journal entry to record this transaction is ________. A) a debit to Work-in-Process Inventory for $45,198, a credit to Raw Materials Inventory for $55,800, and a debit to Direct Materials Efficiency Variance for $10,602 B) a debit to Work-in-Process Inventory for $60,000, a credit to Raw Materials Inventory for $48,600, and a credit to Direct Materials Efficiency Variance for $60,000 C) a debit to Work-in-Process Inventory for $45,198, a credit to Raw Materials Inventory for $60,000, and a debit to Direct Materials Efficiency Variance for $14,802 D) a debit to Work-in-Process Inventory for $55,800, a credit to Raw Materials Inventory for $60,000, and a debit to Direct Materials Efficiency Variance for $4,200 Title: Re: Rees Manufacturing uses a standard cost system. Standards for direct materials are as ... Post by: .unplugged. on Sep 21, 2016 Content hidden
Title: Re: Rees Manufacturing uses a standard cost system. Standards for direct materials are as follows:Direct ... Post by: Deprecated on Oct 12, 2016 Will mark this subject solved, thanks
Title: Re: Rees Manufacturing uses a standard cost system. Standards for direct materials are as ... Post by: bacteriumvert on Oct 1, 2018 This is great! Thank you.
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