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Compound Q11H Is a Raw Material Used to Make Grater

Question 9

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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: 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 Materials Price Variance for October would be recorded as a: A) debit of $230. B) credit of $212. C) debit of $212. D) credit of $230. The raw material was purchased on account.The Materials Price Variance for October would be recorded as a:


A) debit of $230.
B) credit of $212.
C) debit of $212.
D) credit of $230.

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