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Compound K52E Is a Raw Material Used to Make Pinkos

Question 21

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: 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 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

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