Answer:
Dr work-in-process $ 241,500.00
Cr materials $236,250
Cr direct material quantity variance $ 5,250.00
Step-by-step explanation:
The cost of the materials using standard price per pound of $10.5 is computed below:
standard cost=4,600*5*$10.5=$241,500.00
The above is debited to work in process account.
The actual cost of materials used =22,500*$10.5=$236,250.00
Since the actual cost materials is $ 236,250.00 ,the materials ledger is credited with $ 236,250.00
The direct material quantity variance=$241,500-$236,250=$5,250
