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) Work in Process 48,000 Direct Materials Price Variance 8,000 Accounts Payable 40,000 b) Materials 40,000 Direct Materials Price Variance 8,000 Accounts Payable 48,000 c) Materials 40,000 Accounts Payable 40,000 d) Materials 48,000 Direct Materials Price Variance 8,000 Accounts Payable 40,000