(Solved): Sheridan Medical Machines nanufactures hospital equipment. The company was recently allie tespurchan ...

Sheridan Medical Machines nanufactures hospital equipment. The company was recently allie tespurchane materiah for production and secure a bulk purchune discount with an addicional prongt payment canh discount, Howevec as the materials were transferred original quality in the production of the equipment, and an unilavorate Dienct Staterials DNE Efficiency Variance of S7/30 resulted. Record the journal entry to recognive this use of the direct materials inte production for Sherifan Medical anuming that this unfavorable wariance is recogired when materials are placed into production foedit acuser stile are autonatically indented when ithe titles and enter © for the amounts.) Account ritles and Explanation Detail Credit Wirl in frocess linemiory Borenmateriah DAD Effelency Variance Direct Manerials Diff Invertion Current Attempt in Progress Sheridan Medical Mackines monufactures hospital equipnent. The company was recently able to purchuse materials for production and secure a bulk purchase discount with an additional prompt papment cash discount. However as the muleriah were transferred original quality in the production of the equipment, and an unfavorable Direct Materials (DM0 Efficiency Variance of $730 resulted. Recond the journal entry to recognize this use of the direct materials into production for Sheridan Medical assuming that this unfivorable variance in recogiced when materials are placed into production. Credit account stoles ore automotically indented when the amount is entered. Do not indent manually the affectil entiles before credit entrice "ind entery is modied seled "No Entry" for the account titles and enter 0 for the amounts] Account Tales and Explamation Debit Credit Wert-theoxis tinutory Direct Materiab (DADEHelency Variance Direct Haperiah (DAD inventory