Solution-What the journal entry to record direct material

What the journal entry to record direct material purchased

Reference no: EM132919038

Question - Robb Industries, Inc. (RII), developed standard costs for direct material and direct labor. In 2004, RII estimated the following standard costs for one of their major products, the 10-gallon plastic container.

Budgeted Quantity Budgeted Price

Direct Materials 0.15 pounds $30.00 per pound

Direct Labor 0.08 hours $15.00 per hour

During June, RII produced and sold 5,100 containers using 480 pounds of direct materials at an average cost per pound of $32.00 and 250 direct manufacturing labor-hours at an average wage of $15.25 per hour.

Required - What the journal entry to record direct material purchased?

Reference no: EM132919038

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What the journal entry to record direct material purchased

Reference no: EM132919038

Reference no: EM132919038

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