Question Content Area

Robin Company records standard costs and variances in its accounts. Robin purchased and used 520 pounds of direct materials to produce a product with a 510 pounds standard direct materials requirement. The standard price is $2.10 per pound. The actual materials price was $2.00 per pound.

Question Content Area

a. Journalize the entry to record the purchase of the materials. If an amount box does not require an entry, leave it blank.

	Accounts PayableDirect Materials Price VarianceDirect Materials Quantity VarianceMaterialsWork in Process	- Select -	- Select -
	Accounts ReceivableDirect Materials Price VarianceDirect Materials Quantity VarianceMaterialsWork in Process	- Select -	- Select -
	Accounts PayableAccounts ReceivableDirect Materials Quantity VarianceMaterialsWork in Process	- Select -	- Select -

Question Content Area

b. Journalize the entry to record the materials used in production. If an amount box does not require an entry, leave it blank.

	Accounts PayableAccounts ReceivableDirect Materials Price VarianceMaterialsWork in Process	- Select -	- Select -
	Accounts PayableAccounts ReceivableDirect Materials Price VarianceDirect Materials Quantity VarianceMaterials	- Select -	- Select -
	Accounts PayableAccounts ReceivableDirect Materials Price VarianceDirect Materials Quantity VarianceMaterials	- Select -	- Select -