Standard Cost lournal Entries Bellingham Company produced 4,400 units that require eight standard pounds per unit at a $7 standard price per pound. The company actually used 34,100 pounds in production Journalize the entry to record the standard direct materials used in production. For a compound transaction, an amount box does not require an entry, leave it blank Work in Process Direct Materials Quantity Variance 101 Materials HOW Adebit balance in the bed Mount Vartance account represents an unfavorable varice Likewise, acred botince in the Direct Mount Variance account represents a favorable Vulance