Recording Standards in Accounts Cioff Manufacturing Company incorporates standards in its accounts and identifies variances at the time the manufacturing costs are incurred. Journalize the entries to record the following transactions: a. Purchased 2,450 units of copper tubing on account at $52.00 per unit. The standard price is $48.50 per unit. If an amount box does not require an entry, leave it blank, Materials 118,825 Direct Materials Price Variance 8,575 Accounts Payable 127400 Feedback Check My W Debit (unfavorable) or credit (favorable) the direct materials price variance Debit (unfavorable) or credit (favorable) the direct materials quantity variance b. Used 1,900 units of copper tubing in the process of manufacturing 200 air conditioners. Ten units of copper tubing are required, at standard, to produce one air conditioner. If an amount box does not require an entry, leave it blank. b. Work in Process X Direct Materials Quantity Variance X 100 Materials 92,150 b. Used 1,900 units of copper tubing in the process of manufacturing 200 air conditioners. Ten units of copper tubing are required, at standard, to produce one conditioner an amount box does not require an entry, leave it blank. Work in Process X Direct Materials Quantity Variance III Materials 92.150 Debit (unfavorable) or credit (favorable) the direct materials price variance Debit (unfavorable) or credit favorable) the direct materials quantity variance