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Steinberg Company had the following direct materials costs for the manufacturing of product T in March: Required: What was Steinberg's direct materials purchase - price
Steinberg Company had the following direct materials costs for the manufacturing of product in March:
Required:
What was Steinberg's direct materials purchaseprice variance and its direct materials usage variance for March? Indicate whether
each variance was favorable F or unfavorable U
Prepare the appropriate journal entries for March.
Complete this question by entering your answers in the tabs below.
Required
Prepare the appropriate journal entries for March. Do not round intermediate calculations. If no entry is required for a
transactionevent select No journal entry required" in the first account field. Round final answers to the nearest whole dollar amount.
Journal entry worksheet
Record the cost of purchases during the month.
Note: Enter debits before credits.
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