Multiple Choice
If the standard quantity of materials is 84,500 units @ $0.15 per unit and the actual quantity is 95,000 units @ $0.12 per unit,then the journal entry to record the cost of materials used includes:
A) A debit to Work in Process Inventory of $11,400.
B) A debit to Work in Process Inventory of $12,675.
C) A debit to Materials Price variance of $2,850.
D) A credit to Materials Price variance of $1,575.
Correct Answer:
Verified
Correct Answer:
Verified
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