Malloy Corporation Has Provided the Following Data Concerning Its Most

question 5

Essay

Malloy Corporation has provided the following data concerning its most important raw material, compound I51D:
$$\begin{array} { l r l } \text { Standard cost } & \$ 30.50 & \text { per liter } \\\text { Standard quantity } & 4.6 & \text { liters per unit of output } \\\text { Cost of material purchased in October } & \$ 30.70 & \text { per liter } \\\text { Material purchased in October } & 4,000 & \text { liters } \\\text { Material used in production in October } & 3,580 & \text { liters } \\\text { Actual output in October } & 8 0 0 & \text { units }\end{array}$$
The raw material was purchased on account.
Required:
a. Record the purchase of the raw material at standard cost in a journal entry.
b. Record the use of the raw material in production in a journal entry.

---

Definitions:

Moving Away

Trying to find peace by avoiding others and escaping conflict.

Basic Fault

A lack of connection between the child and mother that can later impact adult relationships.

Split Object Image

A concept in psychology referring to the mental representation a person has of another being, divided between positive and negative perceptions.

Transference

The process by which emotions and desires originally associated with one person are unconsciously redirected towards another.