If an Analysis Shows an Unfavorable Materials Price Variance of $22,000,the

Multiple Choice

If an analysis shows an unfavorable materials price variance of $22,000,the journal entry to record the purchase of direct materials and the related price variance would include:

A) a debit to Accounts Payable for $22,000.
B) a debit for $22,000 to Materials Price Variance.
C) a credit for $22,000 to Materials Price Variance.
D) a credit to Work in Process Inventory for $22,000.
E) None of the answer choices is correct.