Belingham Company produced 5,900 units that require 15 standard pounds per unit at a $2.5 standard price per pound. The company actually used 85,800 pounds in production Journalize the entry to record the standard direct materials used in production. For a compound transaction, if an amount box does not require an entry, leave it blank. Work in Process Direct Materials Quantity Variance Materials III Il Roanoke Company produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a batch of chocolate (1,655 bars) are as follows: Ingredient Quantity Price Cocoa 660 lbs. $0.30 per lb. Sugar 180 lbs. $0.60 per lb. MISK 150 gal $1.60 per gal Determine the standard direct materials cost per bar of chocolate. If required, round to the nearest cent per bar