If the actual purchase price for materials exceeds the standard purchase price, then the journal entry to record the Direct Materials Price Variance would be a credit.
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Q5: The journal entry below: Q6: An unfavorable materials quantity variance is recorded Q7: An unfavorable labor rate variance is recorded Q8: When the actual price to purchase a Q9: When the actual price to purchase a Q11: If the actual rate per direct labor-hour Q12: If the actual direct labor-hours used is Q13: If the actual rate per direct labor-hour Q14: During the month of May, Marian Manufacturing Q15: When the actual wage rate paid to
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