Compound K52E is a raw material used to make Pinkos Corporation's major product. The standard cost of compound K52E is $46.00 per ounce and the standard quantity is 5.0 ounces per unit of output. Data concerning the compound for March appear below: The raw material was purchased on account. The Materials Quantity Variance for March would be recorded as a:
A)Credit of $19,780
B)Credit of $5,980
C)Debit of $19,780
D)Debit of $5,980

Question

Compound K52E is a raw material used to make Pinkos Corporation's major product. The standard cost of compound K52E is $46.00 per ounce and the standard quantity is 5.0 ounces per unit of output. Data concerning the compound for March appear below:  The raw material was purchased on account. The Materials Quantity Variance for March would be recorded as a:
A)Credit of $19,780 
B)Credit of $5,980 
C)Debit of $19,780 
D)Debit of $5,980

Quizplus · Accepted Answer

The Answer of Compound K52E is a raw material used to make Pinkos Corporation's major product. The standard cost of compound K52E is $46.00 per ounce and the standard quantity is 5.0 ounces per unit of output. Data concerning the compound for March appear below:  The raw material was purchased on account. The Materials Quantity Variance for March would be recorded as a:
A)Credit of $19,780 
B)Credit of $5,980 
C)Debit of $19,780 
D)Debit of $5,980

Compound K52E Is a Raw Material Used to Make Pinkos