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If a company purchases raw materials on account for $21830 when the standard cost is $18000, it will debit Materials Price Variance for $3830. credit

If a company purchases raw materials on account for $21830 when the standard cost is $18000, it will

debit Materials Price Variance for $3830.

credit Materials Price Variance for $3830.

debit Materials Quantity Variance for $3830.

credit Material Quantity Variance for $3830.

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