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Question - The Happy Company makes and sells a single product called a Kitt.
Happy employs a standard costing system. Each Kitt has a standard cost of 5 pounds of material at $12 per pound and 0.9 direct labor hours at $15 per hour. There were no inventories of any kind on June 1. During June, the following events occurred:
Purchased 17,000 pounds of material at a total cost of $190,000.
Used 15,000 pounds of material to produce 2,400 Kitts.
Used 1,900 hours of direct labor time at a total cost of $38,000.
To record the use of direct materials in production, the general ledger would include what kind of entry to the Direct Materials Quantity Variance Account?
A) $46,000 debit.
B) $60,000 credit.
C) $60,000 debit.
D) $36,000 debit.
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