Emerging Dock Company Manufactures Boat Docks on an Assembly Line

question 143

Multiple Choice

Emerging Dock Company manufactures boat docks on an assembly line. Its standard costing system uses two cost categories, direct materials and conversion costs. Each product must pass through the Assembly Department and the Finishing Department. Direct materials are added at the beginning of the production process. Conversion costs are allocated evenly throughout production.

Which of the following journal entries records the standard costs of direct materials assigned to units worked on and total direct materials variances assuming that the Assembly Department used 15% less materials than expected?

---

Definitions:

Relative Frequency Distribution

A representation that shows the proportion or percentage of observations within a dataset that fall within particular intervals or categories.

Relative Frequency Histogram

A type of histogram that displays the proportion or percentage of observations within various categories or intervals.

Relative Frequency Histogram

A type of histogram that displays the relative frequencies (proportions or percentages) of values within a dataset.

Histogram

A graphical representation of the distribution of numerical data, where the data is divided into bins and the frequency of data in each bin is represented by the height of the bar.