Compound Q11H Is a Raw Material Used to Make Grater

question 30

Multiple Choice

Compound Q11H is a raw material used to make Grater Corporation's major product.The standard cost of compound Q11H 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: The raw material was purchased on account.The credit to the Raw Materials account for October would total:

• A)$52,440.
• B)$48,760.
• C)$52,900.
• D)$53,130.

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Definitions:

Articles of Partnership

A document that formalizes an agreement between parties to enter into a business partnership, detailing the terms and conditions of the partnership.

Annual Salary

The total amount of money that an employee earns in one year.

Operations

Operations refer to the day-to-day activities involved in the running of a business for the purpose of producing value for the stakeholders; it encompasses everything from manufacturing goods to providing services.