Compound C90N is a raw material used to make Mosbarger Corporation's major product. The standard cost of compound C90N is $38.20 per ounce and the standard quantity is 8.0 ounces per unit of output. Data concerning the compound for September appear below: The raw material was purchased on account.
-The Materials Quantity Variance for September would be recorded as a:
A) Debit of $382
B) Credit of $11,078
C) Credit of $382
D) Debit of $11,078

Question

Compound C90N is a raw material used to make Mosbarger Corporation's major product. The standard cost of compound C90N is $38.20 per ounce and the standard quantity is 8.0 ounces per unit of output. Data concerning the compound for September appear below:  The raw material was purchased on account.
-The Materials Quantity Variance for September would be recorded as a:
A) Debit of $382 
B) Credit of $11,078 
C) Credit of $382 
D) Debit of $11,078

Quizplus · Accepted Answer

The Answer of Compound C90N is a raw material used to make Mosbarger Corporation's major product. The standard cost of compound C90N is $38.20 per ounce and the standard quantity is 8.0 ounces per unit of output. Data concerning the compound for September appear below:  The raw material was purchased on account.
-The Materials Quantity Variance for September would be recorded as a:
A) Debit of $382 
B) Credit of $11,078 
C) Credit of $382 
D) Debit of $11,078

Compound C90N Is a Raw Material Used to Make Mosbarger