Prepare a journal entry to charge materials into production and record variances. (Obj. 4). The standard cost of raw materials use in the Injection Department in January was $120,000 (10,000 units at $12 per unit). Actual materials placed in process were 10,040 units, which cost $11.75 each. Give the general journal entry to charge the materials to Work in Process and record variances.

LO.1