Reference: 21_01
Five Rings, Inc, Has Collected the Following Data

Reference: 21_01
Five Rings, Inc, has collected the following data on one of its products:
$\begin{array}{ll}\text { Direct materials standard (4 lbs. @ \$1/lb.) } & \$ 4 \text { per finished unit } \\\text { Total direct materials cost variance-unfavorable } & \$ 13,750 \\\text { Actual direct materials used } & 150,000 \mathrm{lbs} . \\\text { Actual finished units produced } & 30,000 \text { units }\end{array}$
-The entry to record the material variances would include a:

A) Credit to Goods in Process for $133,750.
B) Debit to Direct Material Price Variance for $13,750.
C) Credit to Direct Material Quantity Variance for $13,750.
D) Debit to Goods in Process for $120,000.
E) Debit to Raw Materials for $120,000.