question archive Atlace Manufacturing uses a standard cost system
Atlace Manufacturing uses a standard cost system
Subject:AccountingPrice: Bought3
Atlace Manufacturing uses a standard cost system. Standards for direct materials are as follows Direct materials (pounds per unit of output 2 Cost per pound of direct materials $6 The company plans to produce 3,000 units and has purchased 12,000 pounds of direct materials at a net cost of $45,000. What is the journal entry to record this transaction?
