Given the following account balances at the end of the first year of operations: Assuming that variances are considered material, the entry and amount of the direct material price variance allocated to Cost of Goods Sold is
A) Debit $40,625
B) Debit $41,082
C) Credit $43,333
D) Debit $39,935

Question

Given the following account balances at the end of the first year of operations:  Assuming that variances are considered material, the entry and amount of the direct material price variance allocated to Cost of Goods Sold is
A) Debit $40,625 
B) Debit $41,082 
C) Credit $43,333 
D) Debit $39,935

Quizplus · Accepted Answer

The Answer of Given the following account balances at the end of the first year of operations:  Assuming that variances are considered material, the entry and amount of the direct material price variance allocated to Cost of Goods Sold is
A) Debit $40,625 
B) Debit $41,082 
C) Credit $43,333 
D) Debit $39,935

Given the Following Account Balances at the End of the First