Morocco desk co. purchases 6,000 feet of lumber at $6 per foot. The standard price for direct materials is $5. The entry to record the purchase and unfavorable direct materials price variance is:a. direct materials30,000 direct materials price variance6,000 accounts payable36,000 b. direct materials30,000 accounts payable30,000 c. direct materials36,000 direct materials price variance6,000 accounts payable30,000 d. work in process36,000 direct materials price variance6,000 accounts payable30,000

Option (a) is correct.

Explanation:

Given that,

Lumber purchased = 6,000 feet

Cost per foot (actual price) = $6

Standard price for direct materials = $5

Cost of purchasing material:

= Quantity of lumber purchased × Price per foot

= 6,000 × $6

= $36,000

Direct materials price variance:

= (Standard Price - Actual Price) × Actual Quantity purchased

= ($5 - $6) × 6,000

= $6,000 Unfavorable

Therefore, the journal entry is as follows:

Direct Materials  A/c Dr. $30,000

Direct Materials Price Variance A/c Dr. $6,000

                To Accounts Payable            36,000

(To record the purchase and unfavorable direct materials price variance)

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