Based on the following, what is the total direct materials variance?

Nelson Products is a price-setter that uses the cost-plus pricing approach

The products are specialty vacuum tubes used in sound equipment. The CEO is certain that the company can produce and sell 310,000 units per year, due to the high demand for the product. Variable costs are $2.40 per unit. Total fixed costs are $960,000 per year. The CEO will receive stock options if $200,000 of operating income for the year is reported. What sales price would allow the CEO to achieve the target if the cost-plus pricing method is used? (Round your answer to the nearest cent.) A) $2.40 per unit B) $6.14 per unit C) $3.74 per unit D) $4.85 per unit

Nevada Manufacturing has two processing departments, Department I and Department II

The raw materials processed at Department I are sent to Department II for further processing. During June, direct materials worth $40,000 purchased on account were assigned to Department I. The journal entry to record the issue of direct materials to production is ________. A) debit Work-in-Process Inventory-Department I, $40,000; credit Raw Materials Inventory, $40,000 B) debit Raw Materials Inventory, $40,000; credit Work-in-Process Inventory-Department I, $40,000 C) debit Work-in-Process Inventory-Department I, $40,000; credit Accounts Payable, $40,000 D) debit Accounts Payable, $40,000; credit Work-in-Process Inventory-Department I, $40,000