Compound Q11H Is a Raw Material Used to Make Grater

question 44

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 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:

Infrastructure

The resources (people, technology, products, suppliers, partners, facilities, cash, etc.) that an entrepreneur must have in order to deliver the Customer Value Proposition (CVP).

Financial Viability

Defines the revenue and cost structures a business needs to meet its operating expenses and financial obligations.

Facilities

Physical locations and structures that are designed to support and conduct various types of activities, such as sports, education, or business operations.

Offering

Refers to a product, service, or investment opportunity presented to the market by a business or individual.