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What Is the Correct Journal Entry to Record a Favorable

question 33

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What is the correct journal entry to record a favorable materials mix variance assuming all material variances are recognized when the direct materials are issued to production?


Definitions:

Quantity

Quantity refers to an amount or number of a material or immaterial thing not requiring a unit of measure.

Meaning

The significance, definition, or explanation of a concept, word, or phrase.

Relation

The way in which two or more concepts, objects, or people are connected; a thing's relative position or standing.

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