If the Standard Quantity of Materials Is 84,500 Units @

question 25

Multiple Choice

If the standard quantity of materials is 84,500 units @ $0.15 per unit and the actual quantity is 95,000 units @ $0.12 per unit,then the journal entry to record the cost of materials used includes:

• A)A debit to Work in Process Inventory of $11,400.
• B)A debit to Work in Process Inventory of $12,675.
• C)A debit to Materials Price variance of $2,850.
• D)A credit to Materials Price variance of $1,575.