Andrews Corporation purchased 3,00 . gallons of raw materials for $9,200 . The standard price is $3.00 per gallon. If Andrews records the price variance at the earliest possible time, the entry to record the purchase of the material is:
a. Materials 9,200
Material purchase price variance 200 . Accounts payable 9,000
b. Materials 9,000
Accounts payable 9,000
c. Materials 9,000
Material purchase price variance 200
Accounts payable 9,200
d. Materials 9,200
Accounts payable 9,200
c
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