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    Managerial Accounting Study Set 15
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    Exam 5: Journal Entries to Record Variances
  5. Question
    If the Actual Purchase Price for Materials Exceeds the Standard
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If the Actual Purchase Price for Materials Exceeds the Standard

Question 43

Question 43

True/False

If the actual purchase price for materials exceeds the standard purchase price, then the journal entry to record the Direct Materials Price Variance would be a credit.

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