Assume That SQ = Standard Quantity,SP = Standard Price,AQ =

Multiple Choice

Assume that SQ = Standard Quantity,SP = Standard Price,AQ = Actual Quantity,and AP = Actual Price.The correct entry along with the equation to record the issuance and usage of materials,assuming a favorable materials usage variance,is as follows

A) Work in Process SQ ´ SP Materials Usage Variance (AQ - SQ) SP
Materials AQ ´ SP
B) Work in Process SQ ´ SP Materials Usage Variance (AQ - SQ) SP
Materials AQ ´ SP,
C) Work in Process AQ ´ AP Materials Usage Variance (AQ - SQ) SP
Materials AQ ´ SP.
D) Work in Process AQ ´ AP Materials Usage Variance (AQ - SQ) SP
Materials AQ ´ SP,
E) None of these.