(Answered) Question - products inc which produces a single product has

Accounting

Question - Products Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product.

Direct materials (6 pounds at $1.50 per pound)	$9.00
Direct labor (1 hours at $12.00 per hour)	$12.00

During the month of April, the company manufactures 150 units and incurs the following actual costs.

Direct materials purchased and used (930 pounds)	$1,488
Direct labor (160 hours)	$1,904

Journalize the entries to record the materials and labor variances.

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