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 credits to the Raw Materials account for October would total:
A)$52,440
B)$48,760
C)$52,900
D)$53,130

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 credits to the Raw Materials account for October would total:
A)$52,440 
B)$48,760 
C)$52,900 
D)$53,130

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 credits to the Raw Materials account for October would total:
A)$52,440 
B)$48,760 
C)$52,900 
D)$53,130

Compound Q11H Is a Raw Material Used to Make Grater