Use the Following Information for the Next 2 Questions

question 52

Multiple Choice

Use the following information for the next 2 questions.
Given the following account balances at the end of the first year of operations:
-Assuming that variances are considered material, the entry and amount of the direct material efficiency variance allocated to work in process inventory is

• A) Credit $26,000
• B) Credit $24,375
• C) Debit $17,333
• D) Debit $8,125

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Definitions:

Average Amount

The result obtained by adding several quantities together and then dividing this total by the number of quantities.

Start Date

The specified day when an event begins or a contract comes into effect.

Aggregate Function

A type of function used in database queries and spreadsheet software that performs a calculation on a set of values, returning a single value.

Select Values

The process of choosing or highlighting specific data from a set of options or a dataset.