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.

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Definitions:

Intelligence Activity

The efforts made by government agencies to gather information on foreign governments, individuals, or organizations, often covertly, to support national security and defense strategies.

Overt Information

Overt information is data or facts that are openly displayed, publicly available, and not hidden or secret.

War On Terror

An international military campaign launched by the United States government following the September 11, 2001 attacks, aimed at eliminating al-Qaeda and other militant organizations.

Doctrine Of Containment

A foreign policy strategy aimed at preventing the expansion of communism beyond its existing borders during the Cold War.