Ingredient A12H Is a Raw Material Used to Make Calvin

question 67

Multiple Choice

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:
$$\begin{array} { | l | r | } \hline \text { Cost of material purchased in October, per ounce } & \$ 23.10 \\\hline \text { Material purchased in October, ounces } & 2,300 \\\hline \text { Material used in production in October, ounces } & 2,120 \\\hline \text { Actual output in October, units } & 600 \\\hline\end{array}$$ The raw material was purchased on account.The Materials Quantity Variance for October would be recorded as a:

• A) credit of $3,680.
• B) debit of $4,140.
• C) credit of $4,140.
• D) debit of $3,680.

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Definitions:

Project Goals

Specific objectives or outcomes that a project aims to achieve within a defined timeframe.

Alignment Process

A strategic approach ensuring that business objectives and activities are in sync with the overall goals of an organization.

Measurable Outcome

A quantifiable result or effect that can be assessed to determine the success or impact of an action or intervention.

Goal

An intended or desired outcome that an individual or organization seeks to achieve, often set as a part of planning processes.