Flexible budgets and standard cost system

Rees Manufacturing uses a standard cost system. Standards for direct materials are as follows: 45min 1 of 1 Direct materials (pounds per unit of output) 2 Cost per pound of direct materials $5 54min 1 of 1 Actual purchases of direct materials for the current month are 10,000 pounds for $48,600. Planned and actual production for the month is 3,000 units. Rees has issued 10,000 pounds of direct materials to production. 54min 1 of 1 The journal entry to record this transaction is O A. a debit to Work - in - Process Inventory for $30,000, a credit to Raw Materials Inventory for $50,000, and a debit to Direct Materials Efficiency Variance for 42min 1 of 1 $20,000 O B. a debit to Work - in - Process Inventory for $29, 160, a credit to Raw Materials Inventory for $30,000, and a debit to Direct Materials Efficiency Variance for $840 42min 1 of 1 O C. a debit to Work - in - Process Inventory for $50,000, a credit to Raw Materials Inventory for $48,600, and a credit to Direct Materials Efficiency Variance for $50,000 54min 0 of 1 O D. a debit to Work - in - Process Inventory for $29, 160, a credit to Raw Materials Inventory for $50,000, and a debit to Direct Materials Efficiency Variance for $20,840 S S