debit of $230 credit of $212 debit of $212 credit of $230 Compound Q11H is a raw

Question

debit of $230 credit of $212 debit of $212 credit of $230 Compound Q11H is a raw material used to make Grater Corporation^'s major product. The standard cost of compound Q11H is dollar23.00 per ounce and the standard quantity is 3.8 ounces per unit of output. Data concerning the compound for October appear below: Cost of material purchased in October, per ounce .. ? dollar23,10 Material purchased in October. ounces ?..2,300 Material used in production in October, ounces?.. 2,120 Actual output in October, units??.. 600 The raw material was purchased on account. The Materials Price Variance for October would be recorded as a: debit of dollar230 credit of dollar212 debit ofdollar212 credit of dollar230

Explanation / Answer

debit of $230

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