Which of the following entries is used to record the standard costs of direct materials assigned to units worked on and total direct materials variances?
A)Work in Process (at standard costs)
B)Work in Process (at actual costs)
C)Direct Materials Variances
D)Direct Materials Variances

Question

Which of the following entries is used to record the standard costs of direct materials assigned to units worked on and total direct materials variances?
A)Work in Process (at standard costs) 
B)Work in Process (at actual costs) 
C)Direct Materials Variances 
D)Direct Materials Variances

Quizplus · Accepted Answer

Work in Process (at standard costs) is used to record the standard costs of direct materials assigned to units worked on. Direct Materials Variances is used to record the total direct materials variances, which is not relevant to this question. Therefore, option C and D can be eliminated. Work in Process (at actual costs) is used to record the actual costs of direct materials assigned to units worked on, which is also not relevant to this question. Therefore, option B can also be eliminated.

Which of the Following Entries Is Used to Record the Standard