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:

Competitive

The characteristic of constantly striving to gain an advantage over rivals in business or any other sphere of influence.

Sex Appeals

The use of sexually suggestive images or themes in advertising and marketing to draw interest or attention to a product or service.

Cluttered Media Environment

A situation where consumers are bombarded with a high volume of advertising across various media, making it hard for single messages to stand out.

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