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    Record: Materials Quantity Variance

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    Question 6: Schaper Corporation has provided the following data concerning its most important raw material, compound D30X:

    Standard cost, per liter: $55.80
    Standard quantity, liters per unit of output: 4
    Cost of material purchased in December, per liter: $39.70
    Material purchased in December, liters: 2,650
    Material used in production in December, liters: 2,390
    Actual output in December, units: 430

    The raw material was purchased on account. The Materials Quantity Variance for December would be recorded as a:
    Credit of $37,386
    Credit of $39,386
    Debit of $37,386
    Debit of $39,386

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    Solution Preview

    (Appendix) Schaper Corporation has provided the following data concerning its most important raw material, compound D30X:

    Standard cost, per liter: $55.80
    Standard quantity, liters per unit of output: 4
    Cost of material purchased in ...

    Solution Summary

    This solution is comprised of a detailed explanation to record the materials quantity variance. A comment on a debit balance is also made.

    $2.19

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