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Robin Company records standard costs and variances in its accounts. Robin Company purchased and used...

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Accounting

Robin Company records standard costs and variances in its accounts. Robin Company purchased and used 500 pounds of direct materials to produce a product with a 520 pound standard direct materials requirement. The standard materials price is $1.90 per pound. The actual materials price was $2.00 per pound.

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

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

fill in the blank fill in the blank
fill in the blank fill in the blank
fill in the blank fill in the blank

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