When a variance is recorded in a standard cost system, a credit entry reflects a(n). Albertville has a material standard of 1 pound per unit of output. Each pound has n standard price of $26 per pound. During July, Albertville paid $132,200 for 4,950 pounds. 4,600 pounds were used to produce 4,700 units What is the direct materials price variance? Albertville has a material standard of 1 pound per unit of output. Each pound has a standard price of $26 per pound. During July, Albertville paid $132,200 for 4.950 pounds. 4,600 pounds were used to produce 4.700 units What is the direct materials quantity variance? Albertville has a direct labor standard of 2 hours per unit of output. Each employee has standard wage rate of $22.50 per hour. During July, Albertville paid $189,500 to employees for 8,890 hours worked. 4,700 units were produced during July. What is the direct labor rule variance