Given the following account balances at the end of the first year of operations: Direct materials inventory $ 60,000
Work in process inventory 120,000
Finished goods inventory 180,000
Cost of goods sold 600,000
Direct material price variance 65,000 U
Direct material efficiency 195,000 F
Assuming that variances are considered material, the entry and amount of the direct material efficiency variance allocated to work in process inventory is:
A)Credit $26,000
B)Credit $24,375
C)Debit $17,333
D)Debit $8,125

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The Answer of Given the following account balances at the end of the first year of operations: Direct materials inventory $ 60,000
Work in process inventory 120,000
Finished goods inventory 180,000
Cost of goods sold 600,000
Direct material price variance 65,000 U
Direct material efficiency 195,000 F
Assuming that variances are considered material, the entry and amount of the direct material efficiency variance allocated to work in process inventory is:
A)Credit $26,000
B)Credit $24,375
C)Debit $17,333
D)Debit $8,125

Given the Following Account Balances at the End of the First