Ingredient A12H is a raw material used to make Calvin Corporation's major product. The standard cost of ingredient A12H is $23.00 per ounce and the standard quantity is 3.8 ounces per unit of output. Data concerning the compound for October appear below: Cost of material purchased in October, per ounce $23.10 Material purchased in October, ounces 2, 300 Material used in production in October, ounces 2, 120 Actual output in October, units 600 The raw material was purchased on account. The Materials Price Variance for October would be recorded as a: ____ A) credit of $230. B) credit of $212. C) debit of $230. D) debit of $212. The Fantasy Gifts Company, a maker of Holiday novelties, need your help immediately. The company's accountant resigned without leaving adequate records or explanations for what she did. In reviewing the records, you find the following information for May: Materials Purchased 20,000 units Materials Used 15,000 units You find a copy of the budget which shows that materials were budgeted at $0.60/unit. You know that the materials price variance is recorded at the time of purchase and you find some handwritten notes among the accountant's work papers, which indicate the following: Materials price variance S200F Materials efficiency (quantity) variance $600F What was the total actual cost of the direct materials purchased during May? _____ A) $12, 200. B) $9,000. C) $12,000. D) $11, 800. A machine distributor sells two models, basic and deluxe. The following information relates to its master budget. Actual sales were 7,000 basic models and 2.800 deluxe models. The actual sales prices were the same as the budgeted sales prices for both models. What is the sales mix variance for the basic model? _______ A) $2, 520,000. B) $1, 344,000 C) $256,000. D) $1, 600,000