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Superior Company uses a standard cost system and reports the following information for 2024: ...

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Accounting

Superior Company uses a standard cost system and reports the following information for 2024:
(Click the icon to view the information.)
Superior Company reported the following variances:
(Click the icon to view the variances.)
Superior produced 1,000 units of finished product in 2024.
Read the requirements.
Begin by journalizing the purchase of direct materials on account, including the related variance. (Prepare a single compound journal entry.)
\table[[Date,Accounts and Explanation,Debit,Credit],[,,,],[,,,],[,,,]]
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