If a Company Has a Favorable Materials Quantity Variance of $3,300,the

question 68

Multiple Choice

If a company has a favorable materials quantity variance of $3,300,the journal entry to record the use of direct materials in production along with this related quantity variance would include:

• A)a credit to Materials Quantity Variance.
• B)a credit to Materials Price Variance.
• C)a debit to Materials Quantity Variance.
• D)a debit to Materials Price Variance.
• E)None of the answer choices is correct.

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Definitions:

Prairies

Extensive areas of flat or gently undulating grassland, especially in North America, with few if any trees, known for their rich soils and diverse ecosystems.

East And West Coasts

Refers to the eastern and western coastal regions of a continent, often used in context with the United States.

Canada's Southern Border

The geopolitical boundary that separates Canada from the United States, running along the 49th parallel north for much of its length.

Micropower System

Small-scale electricity generation systems that can operate independently or in conjunction with the main power grid.