A company purchases $650,000 of materials on credit.The standard cost for the materials is $675,000.Which of the following would be the correct journal entries to record the purchase under a standard costing system?

Direct Materials Price Variance $25,000

Direct Materials Price Variance $25,000

Question

A company purchases $650,000 of materials on credit.The standard cost for the materials is $675,000.Which of the following would be the correct journal entries to record the purchase under a standard costing system?

Direct Materials Price Variance $25,000
A company purchases $650,000 of materials on credit.The standard cost for the materials is $675,000.Which of the following would be the correct journal entries to record the purchase under a standard costing system? Direct Materials Price Variance $25,000 Direct Materials Price Variance $25,000

Direct Materials Price Variance $25,000

Quizplus · Accepted Answer

The Answer of A company purchases $650,000 of materials on credit.The standard cost for the materials is $675,000.Which of the following would be the correct journal entries to record the purchase under a standard costing system?

Direct Materials Price Variance $25,000

A Company Purchases $650,000 of Materials on Credit