Multiple Choice
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
Correct Answer:

Verified
Correct Answer:
Verified
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