tandard Cost Journal Entries Ivarado Company produced 8,000 units that require 3.0 standard pounds per unit at a $6.00 standard price per pound. The company actually used 23,900 pounds in roduction. purnalize the entry to record the standard direct materials used in production. If an amount box does not require an entry, leave it blank. Feedback Vheck My Work A debit balance in the Direct Materials Quantity Variance account represents an unfavorable variance. Likewise, a credit balance in the Direct Materials Quantity Variance account represents a favorable variance