Standard Cost Journal Entries Bellingham Company produced 5,600 units that require 14 standard pounds per unit at a $5 standard price per pound. The company actually used 76,800 pounds in production. Journalize the entry to record the standard direct materials used in production. If an amount box does not require an entry, leave it blank. Work in Process Direct Materials Quantity Variance Materials 000 Standard Direct Materials Cost per Unit Crazy Delicious Inc. produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a batch of chocolate (1,073 bars) are as follows: Ingredient Cocoa Sugar Milk Quantity Price 390 lbs. $0.40 per lb. 120 lbs $0.60 per lb. 90 gal. $1.40 per gal. Determine the standard direct materials cost per bar of chocolate. If required, round to the nearest cent. per bar