Henifin Corporation Has Provided the Following Data Concerning Its Most

question 1

Multiple Choice

Henifin Corporation has provided the following data concerning its most important raw material, compound K91J: The raw material was purchased on account.
-The Materials Quantity Variance for January would be recorded as a:

• A) Credit of $2,586
• B) Credit of $16,809
• C) Debit of $16,809
• D) Debit of $2,586

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Definitions:

Output Increases

A rise in the quantity of goods or services produced by a firm or economy.

Scale of Operations

The size or level at which a company or plant is operating, indicating its capacity to produce goods or services.

Average Cost Curve

A graphical depiction showing the cost per unit of output at different levels of production, reflecting the variability in total cost over volume.

Positive Profit

A financial gain that occurs when the revenues received from business activities exceed the expenses, costs, and taxes needed to sustain the activity.