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:

Company's Costs

encompass all expenses involved in running a business, including production, operation, and administration expenses.

Low-Income Families

Families whose income is significantly lower than the average, often making it difficult to meet basic living expenses.

Full-Time Worker

An employee who works the number of hours defined by an employer as a full work week, typically around 40 hours in many countries.

Work Ethic

The principle that hard work is intrinsically virtuous or worthy of reward, often emphasizing diligence and discipline.