Raw Materials Inventory DM Price Variance Accounts Payable 120,000 5,000 125,000 The debit to DM...
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Raw Materials Inventory DM Price Variance Accounts Payable 120,000 5,000 125,000 The debit to DM Price Variance in the journal entry above indicates O A. that standard price exceeds the actual price for direct materials. O B. that the actual quantity used was exactly what they budgeted to use. C. that the variance is favorable since it is a debit balance. OD. that the variance is unfavorable since it is a debit balance
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