Florea Corporation has provided the following data concerning its most important raw material, compound K09B:

The raw material was purchased on account.
-The Materials Quantity Variance for August would be recorded as a:
A)Credit of $24,910
B)Credit of $1,060
C)Debit of $1,060
D)Debit of $24,910

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 Quantity Variance for August would be recorded as a:
A)Credit of $24,910 
B)Credit of $1,060 
C)Debit of $1,060 
D)Debit of $24,910

Quizplus · Accepted Answer

The Materials Quantity Variance is favorable, indicated by a credit, and the amount is $1,060.

Florea Corporation Has Provided the Following Data Concerning Its Most