Sarheen, Inc Required:
Determine:
1

question 70

Essay

Sarheen, Inc.maintains no inventories and has collected the following data on one of its products for the most recent period: $$\begin{array} { | l | l | } \hline \text { Direct material standard (4lbs. } @ \$ 1 / \mathrm { lb } \text {.) } & \$ 4 \text { per unit } \\\hline \text { Total direct materials cost variance-unfavorable } & \$ 13,750 \\\hline \text { Actual direct material used } & 125,000 \mathrm { lbs } . \\\hline \text { Actual finished units produced } & 25,000 \text { units } \\\hline\end{array}$$ Required:
Determine:
1.The direct material usage (quantity) variance.
2.The actual cost of the direct materials purchased and used during the period.(Hint: these two amounts are identical.)
3.The direct material price variance.
4.The correct summary journal entry to record direct material costs for this period's production, including associated standard cost variances.(Note: assume that any price variances are recorded at point of production.)

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Definitions:

Chlorhexidine-Based

Chlorhexidine-Based refers to products containing chlorhexidine, an antiseptic agent used to control plaque and reduce bacterial infections in the mouth and on the skin.

Antifungal Powder

A medication in powder form used to treat fungal infections by being applied directly to the affected area of the skin.

Moist Patches

Areas of skin or surfaces that are damp or slightly wet, often due to sweat, leakage, or environmental conditions.

Platelet Count

An evaluation of platelet levels in the bloodstream, crucial for blood clot formation and wound healing.