What Is the Correct Journal Entry to Record a Favorable

question 71

Multiple Choice

What is the correct journal entry to record a favorable materials mix variance assuming all material variances are recognized when the direct materials are issued to production?

• A)Option A
• B)Option B
• C)Option C
• D)Option D

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Definitions:

Signature

A person's name or mark written in a distinctive way as a form of identification in authorizing a document.

Code

A system of laws or regulations, typically organized in a comprehensive and systematic manner.

Maker

In the context of negotiable instruments, the individual or entity that creates and signs the promissory note, committing to pay the specified sum.

Note

A legal document that represents a type of debt or an obligation to pay an amount of money at a future date.