Assuming that the Morocco Desk Co purchases 8,000 feet of lumber at $6.00 per foot and the standard price for direct materials is $5.00, the entry to record the purchase and unfavorable direct materials price variance is:
A) Direct Materials 40,000Direct Materials Price Variance 8,000Accounts Payable 48,000
B) Direct Materials 40,000Accounts Payable 40,000
C) Direct Materials 48,000Direct Materials Price Variance 8,000Accounts Payable 40,000
D) Work in Process 48,000Direct Materials Price Variance 8,000Accounts Payable 40,000
A
You might also like to view...
Stepwise procedures result in regression equations that are optimal, in the sense of producing the largest R2, for a given number of predictors
Indicate whether the statement is true or false
Why are performance problems best handled in face-to-face meetings?
A) The opportunity to read nonverbal signals is strong B) Face-to-face meetings allow for discussion C) A face-to-face meeting is less embarrassing for the person with the performance problem D) Face-to-face meetings take less planning that written communications E) A message is sent to those who see the meeting taking place that positive action is occurring, thus improving the moral of the entire department.
Sharing information, collaborating, and coordinating resources to jointly manage a process is referred to as _______.
a. process knitting b. process integration c. process collaboration d. process regulation
A growth trap occurs when a company needs cash faster than can be generated in profits.
Answer the following statement true (T) or false (F)