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.Also assume a favourable materials usage variance.Which of the following would be the journal entry and the equation to record the issuance and usage of materials?

A) Work in Process SQ × SPMaterials Usage Variance (AQ − SQ) SPMaterials AQ × SP
B) Work in Process AQ × SPMaterials Usage Variance (AQ − SQ) SPMaterials AQ × SP
C) Work in Process AQ × APMaterials Usage Variance (AQ − SQ) SPMaterials AQ × SP
D) Work in Process SQ × APMaterials Usage Variance (AQ − SQ) SPMaterials AQ × SP