Question
If a company purchases raw materials on account for $13,220 when the standard cost is $12,600, it will a. debit Materials Price Variance for $620.
If a company purchases raw materials on account for $13,220 when the standard cost is $12,600, it will a. debit Materials Price Variance for $620. b. credit Materials Price Variance for $620. c. debit Materials Quantity Variance for $620. d. credit Material Quantity Variance for $620.
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Financial Accounting Version 3.1
Authors: Joe Ben Hoyle, C.J. Skender, Leah Kratz
1st Edition
1453339442, 9781453339442
