ABC recorded the following journal entry in its general ledger. Debit Work in Process for...
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Accounting
ABC recorded the following journal entry in its general ledger. Debit Work in Process for $10,000 and Direct Materials Price Variance for $8,000. Credit Raw Materials for $18,000. The above journal entry indicates that: a. The materials price variance was favorable b. The materials price variance was unfavorable c. The quantity used in production was less than the budget d. The quantity used in production was more than the budget
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