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question 63

Multiple Choice

[The following information applies to the questions displayed below.]
Maple Company's flexible budget,based upon the number of equivalent units produced,called for the use of 5,000 square yards of fabric at a standard cost of $2.45 per square yard.The Production Department actually used 5,200 square yards costing $2.35 per square yard during June.
-The journal entry to record the cost of direct materials used in June includes:

• A)A debit to Work in Process Inventory of $12,220.
• B)A credit to Materials Price Variance of $520.
• C)A debit to Materials Price Variance of $520.
• D)A credit to Direct Materials Inventory of $12,250.

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Definitions:

Manufacturer-Specific

Pertaining to features, parts, or protocols that are unique to a particular brand or maker's products.

Fuel Trim

An adjustment to fuel delivery by the engine control module, based on input from the oxygen sensors.

Fuel Delivery

The system or process responsible for supplying fuel from the fuel tank to the engine's combustion chamber.

Short-Term Fuel Trims

Adjustments made by a vehicle's engine control unit (ECU) to the fuel mixture in response to temporary changes in air/fuel demand.