lovelybear2354
lovelybear2354
15.04.2020 • 
Business

Arciano Manufacturing uses a standard cost system. Standards for direct materials are as follows: Direct materials (pounds per unit of output) 3 Cost per pound of direct materials $ 6 The company plans to produce 2 comma 000 units and has purchased on account 12 comma 000 pounds of direct materials at a net cost of $ 44 comma 400. What is the journal entry to record this transaction? A. Raw Materials Inventory 44 comma 400 Direct Materials Cost Variance 27 comma 600 Accounts Payable 72 comma 000 B. Raw Materials Inventory 44 comma 400 Direct Materials Cost Variance 27 comma 600 Accounts Payable 16 comma 800 C. Raw Materials Inventory 72 comma 000 Direct Materials Cost Variance 27 comma 600 Accounts Payable 44 comma 400 D. Raw Materials Inventory 16 comma 800 Direct Materials Cost Variance 27 comma 600 Accounts Payable 44 comma 400

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