Compound K52E is a raw material used to make Pinkos Corporation's major product. The standard cost of compound K52E is $46.00 per ounce and the standard quantity is 5.0 ounces per unit of output. Data concerning the compound for March appear below:

The raw material was purchased on account.
-The Materials Quantity Variance for March would be recorded as a:

Question

Compound K52E is a raw material used to make Pinkos Corporation's major product. The standard cost of compound K52E is $46.00 per ounce and the standard quantity is 5.0 ounces per unit of output. Data concerning the compound for March appear below:

The raw material was purchased on account.
-The Materials Quantity Variance for March would be recorded as a:

Quizplus · Accepted Answer

The Materials Quantity Variance is favorable, indicated by a credit, and the amount is $19,780.

Compound K52E Is a Raw Material Used to Make Pinkos