Rosser Company Records Standard Costs and Variances in Its Accounts

Essay

Rosser Company records standard costs and variances in its accounts. Rosser Company produces a container that requires 4 yards of material per unit. The standard price of one yard of material is $4.50. During the month, 9,500 chairs were manufactured using 37,300 yards of material.​
Journalize the entry to record the direct materials used in production.