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Required information Journal Entries under Standard Costing (Appendix), Posting Journal Entries for Variances (Appendix) (LOJournal entry worksheet 3 4 Record the addition of direct-material cost to work-in-process inventory and the direct-material

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Answer #1

2) Journal entry

Date account and explanation Debit Credit
Work in process (50000*4*.80) 160000
Material quantity variance 8000
Direct material (210000*.80) 168000
(To record direct material quantity variance)
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