Assuming that the Morrita Desk Co. purchases 8,000 feet of lumber at $5.50 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:

Question 26 options:

	Direct Materials 40,000 Direct Materials Price Variance 4,000 Accounts Payable 44,000
	Direct Materials 40,000 Accounts Payable 40,000
	Direct Materials 44,000 Direct Materials Price Variance 4,000 Accounts Payable 40,000
	Work in Process 44,000 Direct Materials Price Variance 4,000 Accounts Payable 40,000