Dvorak company produced 1,000 units that require five standard pounds per unit at $2.50 standard price per pound. the company actually used 4,500 pounds in production. a. journalize the entry to record the standard direct materials used in production. for a compound transaction, if an amount box does not require an entry, leave it blank. b. work in progress (debit) . direct materials quantity variance (credit) . materials (credit)

Instructions are listed below.

Explanation:

Giving the following information:

Dvorak Company produced 1,000 units that require five standard pounds per unit at $2.50 standard price per pound. The company used 4,500 pounds in production.

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (5,000 - 4,500)*2.5= 1,250 favorable

Work in process            12,500

         Materials                                                               11,250

  Material quantity variance (favorable)                1,250        

Explanation:

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