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Compound K52E is a raw material used to make Pinkos Corporation's major product. The standard...

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Accounting

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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 Cost of material purchased in March, per s4660 ounce Material purchased in March, ounces Material used in production in March, 3,700 3,570 800 ounces Actual output in March, units The raw material was purchased on account. The Materials Price Variance for March would be recorded as a: O Debit of $2.220 O Debit of $2.142 O Credit of $2,220 O Credit of $2142

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