6

Question 6 of 35 -/5.72 If 10,000 pounds of direct materials are purchased for $9,300 on account and the standard cost is $.90 per pound, the journal entry to record the purchase is O Raw Materials inventory Materials Price Variance Accounts Payable 9.000 300 9,300 9.300 Raw Materials Inventory Accounts Payable 9.300 9.300 O Work In Process Inventory Accounts Payable Materials Quantity Variance 9,000 300 9.300 Raw Materials inventory Accounts Payable Materials Price Variance 9.000 300