Compound K52E Is a Raw Material Used to Make Pinkos

Multiple Choice

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 Price Variance for March would be recorded as a:

A) Debit of $2,220
B) Debit of $2,142
C) Credit of $2,220
D) Credit of $2,142