Emerging Dock Company Manufactures Boat Docks on an Assembly Line

question 63

Short Answer

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.
Data for the Assembly Department for May 2017 are:



Costs for May:


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?

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Definitions:

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Narrow-Meshed Nets

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Escape-Proof Devices

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Proponents Of Whaling

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