QUESTION 8 o O If 20,000 pounds of direct materials are purchased for $14,400 on account and the standard cost is $.70 per pound, the journal entry to record the purchase would include A. a debit to Raw Materials Inventory for $14,000 B. a debit to Raw Materials Inventory for $14,400 C. a credit to the Materials Price Variance for $400 D. a debit to Work In Process Inventory for $14,400 QUESTION 9 Staley Company has a standard of 1.5 pounds of materials per unit, at $4 per pound. In producing 2,000 units, Staley used 3,100 pounds of materials at a total cost of $12,090. Staley's materials price variance is A. $90 U. B. $310 F. OOO C. $400 F. D. $700 F. QUESTION 10 Staley Company has a standard of 1.5 pounds of materials per unit, at $4 per pound. In producing 2,000 units, Staley used 3,100 pounds of materials at a total cost of $12,090. Staley's materials quantity variance is A. $90 F. B. $310 U. C. $400 U. D. $700 U. QUESTION 13 The per-unit standards for direct labor are 2 direct labor hours at $12 per hour. If in producing 1,200 units, the actual direct labor cost was $25,600 for 2,000 direct labor hours worked, the direct labor quantity variance is A. $4,800 F B. $1,600 F C. $3,200 U D. $4,800 U QUESTION 14 The per-unit standards for direct labor are 2 direct labor hours at $12 per hour. If in producing 1,200 units, the actual direct labor cost was $25,600 for 2,000 direct labor hours worked, the direct labor price variance is A. $1,600 U B. $1,600 F C. $4,800 F OD. $3,200 F