Question
A company issues raw materials to production at a cost of $30,400 when the standard cost is $31,800. Which of the following entries will be
A company issues raw materials to production at a cost of $30,400 when the standard cost is $31,800. Which of the following entries will be used to record the transaction?
| Debit to Materials Price Variance for $1,400 | ||
| Credit to Materials Quantity Variance for $1,400 | ||
| Debit to Materials Quantity Variance for $1,400 | ||
| Credit to Materials Price Variance for $1,400 |
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IT Auditing Using A System Perspective Premier Reference Source
Authors: Robert Elliot Davis
1st Edition
1799855481, 978-1799855484
