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A standard cost is the per unit cost incurred under. Ideal operating conditions. Perfect operating conditions. Normal, but efficient operating conditions. Minimally acceptable operating conditions. A total cost variance for materials can result from: Differences in the quantities used. Differences in the prices paid to suppliers. Both A and B. Neither A nor B. 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 debit to Work-in-Process Inventory of Si 1,400. A debit to Work-in-Process Inventory of $12,675. A debit to Materials Price variance of $2,850. A credit to Materials Price variance of $1,575. If actual direct labor cost was $7,560 and standard labor cost was $7,000, the journal entry to record this would include (assume no labor efficiency variance): A credit to the labor rate variance account of $560 and a credit to Direct Labor of $7,000. A debit to the labor rate variance account of $560 and a debit to Direct Labor of $7,000. A credit to the labor rate variance account of $560 and a debit to Direct Labor of $7,560. A debit to the labor rate variance account of $560 and a credit to Direct Labor of $7,560. If the actual cost per pound of direct material is less than the standard cost per pound, there is: A favorable materials price variance. An unfavorable materials price variance. A favorable materials quantity variance. A favorable total materials variance. Excessive overtime hours worked by direct labor workers often results in: An unfavorable labor rate variance. A favorable labor rate variance. A favorable materials price variance. An unfavorable materials price variance