Henifin Corporation has provided the following data concerning its most important raw material, compound K91J: The raw material was purchased on account.
-The Materials Price Variance for January would be recorded as a:
A) Credit of $540
B) Debit of $306
C) Credit of $306
D) Debit of $540

Question

Henifin Corporation has provided the following data concerning its most important raw material, compound K91J:  The raw material was purchased on account.
-The Materials Price Variance for January would be recorded as a:
A) Credit of $540 
B) Debit of $306 
C) Credit of $306 
D) Debit of $540

Quizplus · Accepted Answer

The Answer of Henifin Corporation has provided the following data concerning its most important raw material, compound K91J:  The raw material was purchased on account.
-The Materials Price Variance for January would be recorded as a:
A) Credit of $540 
B) Debit of $306 
C) Credit of $306 
D) Debit of $540

Henifin Corporation Has Provided the Following Data Concerning Its Most