When the Actual Amount of a Raw Material Used in Production

question 7

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)Credit to Raw Materials; Credit to Materials Quantity Variance
• B)Credit to Work-In-Process; Credit to Materials Quantity Variance
• C)Credit to Raw Materials; Debit to Materials Quantity Variance
• D)Credit to Work-In-Process; Debit to Materials Quantity Variance

---

Definitions:

Payoff

The return or reward resulting from an action or investment, which can be in the form of profit, benefit, or satisfaction.

Emotional Intelligence

The capacity to identify, comprehend, and control our personal emotions, as well as to identify, comprehend, and impact the emotions of other people.

Richard Boyatzis

A distinguished professor known for his work in emotional intelligence, behavior change, and competence.

Defensive Behavior

Actions or reactions aimed at protecting oneself from perceived threats or criticism.