Compound Q11H is a raw material used to make Grater Corporation's major product.The standard cost of compound Q11H is $23.00 per ounce and the standard quantity is 3.8 ounces per unit of output.Data concerning the compound for October appear below: The raw material was purchased on account.The Materials Price Variance for October would be recorded as a:
A)debit of $230.
B)credit of $212.
C)debit of $212.
D)credit of $230.

Question

Compound Q11H is a raw material used to make Grater Corporation's major product.The standard cost of compound Q11H is $23.00 per ounce and the standard quantity is 3.8 ounces per unit of output.Data concerning the compound for October appear below:  The raw material was purchased on account.The Materials Price Variance for October would be recorded as a:
A)debit of $230. 
B)credit of $212. 
C)debit of $212. 
D)credit of $230.

Quizplus · Accepted Answer

The Answer of Compound Q11H is a raw material used to make Grater Corporation's major product.The standard cost of compound Q11H is $23.00 per ounce and the standard quantity is 3.8 ounces per unit of output.Data concerning the compound for October appear below:  The raw material was purchased on account.The Materials Price Variance for October would be recorded as a:
A)debit of $230. 
B)credit of $212. 
C)debit of $212. 
D)credit of $230.

Compound Q11H Is a Raw Material Used to Make Grater