Florea Corporation has provided the following data concerning its most important raw material, compound K09B: The raw material was purchased on account. The Materials Price Variance for August would be recorded as a:
A)Credit of $112
B)Credit of $300
C)Debit of $112
D)Debit of $300

Question

Florea Corporation has provided the following data concerning its most important raw material, compound K09B:  The raw material was purchased on account. The Materials Price Variance for August would be recorded as a:
A)Credit of $112 
B)Credit of $300 
C)Debit of $112 
D)Debit of $300

Quizplus · Accepted Answer

The Answer of Florea Corporation has provided the following data concerning its most important raw material, compound K09B:  The raw material was purchased on account. The Materials Price Variance for August would be recorded as a:
A)Credit of $112 
B)Credit of $300 
C)Debit of $112 
D)Debit of $300

Florea Corporation Has Provided the Following Data Concerning Its Most