When the Actual Amount of a Raw Material Used in Production

question 9

Multiple Choice

When the actual amount of a raw material used in production is greater than the standard amount allowed for the actual output,the journal entry would include:

• A) debit to Raw Materials;credit to Materials Quantity Variance.
• B) debit to Work-In-Process;credit to Materials Quantity Variance.
• C) debit to Raw Materials;debit to Materials Quantity Variance.
• D) debit to Work-In-Process;debit to Materials Quantity Variance.

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Definitions:

Military Service

The act of serving in the armed forces of a country, either as a compulsory duty or voluntarily, to defend and protect the nation's interests.

Irish Immigrants

People from Ireland who moved to another country, notably to the United States in the 19th and early 20th centuries, often to escape famine, economic hardship, or political unrest.

Industry Declined

A situation where a specific sector of the economy experiences a significant reduction in activity, production, or growth, often leading to economic downturns and job losses.

Civil War

A war between citizens of the same country, often referred to specifically as the American Civil War which was fought from 1861 to 1865.