Use the Information Below to Answer the Following Question(s)

question 71

Multiple Choice

Use the information below to answer the following question(s) .Reynolds Dock Company manufactures boat docks on an assembly line.Its standard costing system utilizes 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.Data for the Assembly Department for October 2019 are:

-Which of the following journal entries properly records direct materials requisitions for the work-in-process inventory and direct materials variances assuming that the Assembly department used 10 percent less materials than expected?

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Definitions:

Density

Density is a measure of mass per unit of volume, often used to describe how compact or concentrated a substance is.

Volume

The amount of space an object or substance occupies, measured in cubic units.

Material

The matter from which a thing is or can be made, often categorized by properties such as strength, elasticity, and conductivity.

Chemical Sample

A portion or quantity of a substance taken for analysis or testing to understand its composition, purity, or other properties.