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Q18. If the standard quantity of materials is 85,000 units at $0.14 per unit and the actual quantity is 95,500 units at $0.11 per unit, then the journal entry to record the cost of materials used includes:

Q19. Roman Mfg.'s July production involved actual direct labor costs of $51,240 for 4,000 direct labor hours. The budget for the July level of production called for 4,100 direct labor hours at $12.80 per hour, using a standard cost system. Roman's labor rate variance for July is:

If the standard quantity of materials is 85,000 units at $0.14 per unit and the actual quantity is 95,500 units at $0.11 per unit, then the journal entry to record the cost of materials used includes: 18 Multiple Choice eBook A debit to Materials Price variance of $2,865. A debit to Work in Process Inventory of $10,505. A credit to Materials Price variance of $1,470. A debit to Work in Process Inventory of $11,900 19 Required information [The following information applies to the questions displayed below.] Roman Mfg.'s July production involved actual direct labor costs of $51,240 for 4,000 direct labor hours. The budget for the July level of production called for 4,100 direct labor hours at $12.80 per hour, using a standard cost system. Part 1 of 2 Roman's labor rate variance for July is: eBook Multiple Choice $1,240 favorable. $1,280 favorable. $40 unfavorable. O O $1,240 unfavorable

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