Which of the Following Variances Is Not Recorded with a Journal

question 32

Multiple Choice

Which of the following variances is not recorded with a journal entry that involves a debit to Work in Process in a standard costing system?

• A) Material price variance
• B) Material quantity variance
• C) Labor rate variance
• D) Labor efficiency variance

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Definitions:

Botanically

Referring to or derived from plants or the science of botany.

Berry

A type of simple fruit with seeds and pulp produced from the ovary of a single flower; the skin is often edible.

Imbibition

The absorption of water by a seed prior to germination.

Apical Dominance

The inhibition of axillary (lateral) buds by a shoot tip.