Encinas Company produced 2,300 units that require 6 standard pounds per unit at $1.75 standard price per pound. The company actually used 13,600 pounds in production. Journalize the entry to record the standard direct materials used in production. If an amount box does not require an entry, leave it blank.     fill in the blank 2 fill in the blank 3     fill in the blank 5 fill in the blank 6     fill in the blank 8 fill in the blank 9

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Encinas Company produced 2,300 units that require 6 standard pounds per unit at $1.75 standard price per pound. The company actually used 13,600 pounds in production.

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

    fill in the blank 2 fill in the blank 3
    fill in the blank 5 fill in the blank 6
    fill in the blank 8 fill in the blank 9
Expert Solution
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when recording materials used in production, identify the material quantity variance. It is the difference between standard materials supposed to be used and actual materials used in the production.

If the actual material is less than standard material, it means that production effectively used materials and it is called as favorable variance.

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