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. $46.60 3.700 Cost of material purchased in March, per ounce Material purchased in March, ounces Material used in production in March, ounces Actual output in March, units 3.570 800 The raw material was purchased on account. The Materials Quantity Variance for March would be recorded as a O Credit of $19,780 Credit of $5,980 O Debit of $19,780 Debit of $5,980