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PE 23-5A Journalize standard cost entries OBJ. 5 Venneman Company produced 14,000 units that require 3.5 standard pounds per unit at $5.10 standard price

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PE 23-5A Journalize standard cost entries OBJ. 5 Venneman Company produced 14,000 units that require 3.5 standard pounds per unit at $5.10 standard price per pound. The company actually used 48,500 pounds in pro- duction. Journalize the entry to record the standard direct materials used in production.

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