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Compound V11V Is Used to Make Hickenbottom Corporation's Major Product

Question 28

Multiple Choice

Compound V11V is used to make Hickenbottom Corporation's major product.The standard cost of V11V is $21.50 per ounce and the standard quantity is 3.6 ounces per unit of output.In the most recent month,1,600 ounces of the raw material were purchased at a cost of $21.00 per ounce.When recording the purchase of materials,Raw Materials would be:


A) credited for $34,400.
B) credited for $33,600.
C) debited for $34,400.
D) debited for $33,600.

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