If an Analysis Shows an Unfavorable Materials Price Variance of $22,000,the

question 56

Multiple Choice

If an analysis shows an unfavorable materials price variance of $22,000,the journal entry to record the purchase of direct materials and the related price variance would include:

• A)a debit to Accounts Payable for $22,000.
• B)a debit for $22,000 to Materials Price Variance.
• C)a credit for $22,000 to Materials Price Variance.
• D)a credit to Work in Process Inventory for $22,000.
• E)None of the answer choices is correct.

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Definitions:

Tardive Dyskinesia

A neurological disorder characterized by involuntary, repetitive body movements, often resulting from long-term use of certain psychiatric medications.

Antipsychotic Drugs

Medications used to manage psychosis, including delusions, hallucinations, paranoia, or disordered thought, primarily in conditions like schizophrenia and bipolar disorder.

Antianxiety Drugs

Medications prescribed to reduce or manage symptoms of anxiety disorders and conditions characterized by excessive worry or fear.

Symptoms

Signs or indications of a disease or condition that are experienced by an individual.