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(Appendix) Schaper Corporation has provided the following data concerning its

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(Appendix) Schaper Corporation has provided the following data concerning its most important raw material, compound D30X;Standard cost, per liter $47.80;Standard quantity, liters per unit of output 8;Cost of material purchased in December, per liter $50.70;Material purchased in December, liters 3,930;Material used in production in December, liters 2,300;Actual output in December, units 470;The raw material was purchased on account.;The credits to the Raw Materials account for December would total;$114,940;$99,940;$109,940;$124,940

 

Paper#26785 | Written in 18-Jul-2015

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