Solved

When the Actual Amount of a Raw Material Used in Production

Question 7

Multiple Choice

When the actual amount of a raw material used in production is greater than the standard amount allowed for the actual output, the journal entry would include:


A) Credit to Raw Materials; Credit to Materials Quantity Variance
B) Credit to Work-In-Process; Credit to Materials Quantity Variance
C) Credit to Raw Materials; Debit to Materials Quantity Variance
D) Credit to Work-In-Process; Debit to Materials Quantity Variance

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions