Ingredient A12H is a 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: Cost of material purchased in October$23.10 per ounceMaterial purchased in October 2,300 ouncesMaterial used in production in October 2,120 ouncesActual output in October 600 unitsThe material was purchased on account and Calvin Corporation uses a standard costing system.The Material Price Variance for October would be recorded as a:
A. credit of $212.
B. debit of $212.
C. debit of $230.
D. credit of $230.
Answer: C
Business
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