Given the Following Account Balances at the End of the First

question 57

Multiple Choice

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 price variance allocated to Cost of Goods Sold is

• A) Debit $40,625
• B) Debit $41,082
• C) Credit $43,333
• D) Debit $39,935

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