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Patrick Co. produces computer desks and uses a standard cost system. Material standards are 6.75 pounds of material at $10.40 per pound and 5.2 hours of labor at a standard wage rate of $10.50. During December, Patrick Co. produced and sold 3,100 desks. Material purchases totaled 20,800 pounds at a total cost of $224,780. Material usage totaled 20,970 pounds. Payroll totaled $183,660 for 17,140 hours worked. Patrick Co. does not maintain inventories other than direct materials. Prepare journal entries to record the following transactions.
a. Direct materials purchase
b. Direct materials usage
c. Direct labor incurred
Independent Variable
A factor manipulated by the experimenter to investigate its effects on the dependent variable in a study.
Factorial Design
A design in which all levels of each independent variable are combined with all levels of the other independent variables. A factorial design allows investigation of the separate main effects and interactions of two or more independent variables.
Main Effect
The direct effect of an independent variable on a dependent variable.
Factorial Design
An experimental design approach that involves investigating the effects of two or more independent variables at multiple levels on a dependent variable.
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