Figure 10-9

question 103

Multiple Choice

Figure 10-9. James Company manufactures t-shirts.During the year,it manufactured 250,000 t-shirts,using 2 hours of direct labor at a rate of $8.50 per hour.The materials and labor standards for manufacturing the t-shirts are:
It took James 1,400,000 yards at $2.50 per yard to make the 250,000 t-shirts.
Refer to Figure 10-9.What is the entry to record the purchase of materials?

• A)Materials 3,500,000 Materials Price Variance 750,000 Accounts Payable 4,250,000
• B)Materials 4,200,000 Materials Price Variance 750,000 Accounts Payable 4,950,000
• C)Materials 4,200,000 Materials Price Variance 700,000 Accounts Payable 3,500,000
• D)Materials 3,500,000 Materials Price Variance 700,000 Accounts Payable 4,200,000

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Cyber Crime

Criminal activities carried out by means of computers or the internet, targeting data, networks, or individuals online.

Social Security

A government program that provides monetary assistance to people with inadequate or no income, particularly the elderly, disabled, and survivors of deceased workers.

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Unauthorized access to or manipulation of computer systems, networks, or data, often conducted for personal gain or to cause disruption.

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