There were no inventories of any kind on August 1. During August the following

There were no inventories of any kind on August 1. During August the following events occurred: Purchased 15000 board feet at the total cost of $24000.
Used 12000 board feet to produce 2100 Mips.
Used 1700 hours of direct labor time at a total cost of $20060. 53.To record the purchase of direct materials the general ledger would include what entry to the Materials Price Variance Account?
a. $1500 credit
b. $1500 debit
c. $6000 credit
d. $6000 debit
Save Answer 54.
To record the use of direct materials in production the general ledger would include what entry to the Materials Quantity Variance account? a. $3600 debit
b. $3600 credit.
c. $900 debit
d. $900 credit
Save Answer 55.
To record the incurrence of direct labor cost and its use in production the general ledger would include what entry to the Labor Rate Variance account? a. $240 credit
b. $240 debit
c. $340 debit
d. $340 credit
Save Answer 56.
To record the incurrence of direct labor costs and its use in production the general ledger would include what entry to the Labor Efficiency Variance
account? a. $480 credit
b. $240 debit
c. $1200 debit
d. $1200 credit