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    Financial and Managerial Accounting Study Set 11
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    Exam 23: Evaluating Variances From Standard Costs
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    ​ *Actual Hours Are Equal to Standard Hours for Units Produced.​
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​ *Actual Hours Are Equal to Standard Hours for Units Produced.​

Question 161

Question 161

Multiple Choice

​ ​    *Actual hours are equal to standard hours for units produced.​ -Morocco Desk Co. purchases 6,000 feet of lumber at $6 per foot. The standard price for direct materials is $5. The entry to journalize the purchase and unfavorable direct materials price variance is  A)   B)   C)   D)
*Actual hours are equal to standard hours for units produced.​
-Morocco Desk Co. purchases 6,000 feet of lumber at $6 per foot. The standard price for direct materials is $5. The entry to journalize the purchase and unfavorable direct materials price variance is


A) ​    *Actual hours are equal to standard hours for units produced.​ -Morocco Desk Co. purchases 6,000 feet of lumber at $6 per foot. The standard price for direct materials is $5. The entry to journalize the purchase and unfavorable direct materials price variance is  A)   B)   C)   D)
B) ​    *Actual hours are equal to standard hours for units produced.​ -Morocco Desk Co. purchases 6,000 feet of lumber at $6 per foot. The standard price for direct materials is $5. The entry to journalize the purchase and unfavorable direct materials price variance is  A)   B)   C)   D)
C) ​    *Actual hours are equal to standard hours for units produced.​ -Morocco Desk Co. purchases 6,000 feet of lumber at $6 per foot. The standard price for direct materials is $5. The entry to journalize the purchase and unfavorable direct materials price variance is  A)   B)   C)   D)
D) ​    *Actual hours are equal to standard hours for units produced.​ -Morocco Desk Co. purchases 6,000 feet of lumber at $6 per foot. The standard price for direct materials is $5. The entry to journalize the purchase and unfavorable direct materials price variance is  A)   B)   C)   D)

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