If a Company Issues Raw Materials to Production at a Cost

question 55

Multiple Choice

If a company issues raw materials to production at a cost of $18900 when the standard cost is $18300 it will

• A) debit Materials Price Variance for $600.
• B) credit Materials Price Variance for $600.
• C) debit Materials Quantity Variance for $600.
• D) credit Material Quantity Variance for $600.

---

Definitions:

Operand

An entity on which operators perform operations, including values, variables, and expressions.

Assignment Statement

A programming instruction that assigns a value to a variable.

Initialization Statements

Initial setup commands in a program that set variables to their default values.

Reserved Words

Keywords in a programming language that are used by the language itself and cannot be used as identifiers by programmers.