Required information Appendix 10B The Baby Clothing Company makes and sells a single product called a New bodysuit and employs a

Question

Required information Appendix 10B The Baby Clothing Company makes and sells a single product called a New bodysuit and employs a standard costing system The following standards have been established for one unit of New bodysuit Direct Materials Direct Labour There were no inventories of any kind on August 1 During August the following events occurred Purchased 14 000 board metres at the total cost of 22 000 Used 10 300 board metres to produce 2 100 New bodysuits Used 1 400 hours of direct labour time at a total cost of 18 060 Standard Quantity or Standard Cost per New Hours bodysuit 8 00 5 board metre 0 7 hours 8 40 Appendix 10B To record the purchase of direct materials the general ledger would include what entry to the Materials Price Variance account Multiple Choice 1 500 credit

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