Acompany records its inventory purchases at standard cost but also records purchase price variances. the company purchased 5,000 widgets at $8.00 each, and the standard cost for the widgets is $7.60. which of the following would be included in the journal entry? a. debit accounts payable, $38,000 b. credit direct materials price variance, $2,000 c. debit direct materials price variance, $2,000 d. debit accounts payable, $2,000

What are some of the miranda restrictions on questioning someone?

Leon and sara are arguing over when the best time is to degrease soup. leon says that it's easiest to degrease soup when it's boiling. sara says it's easiest to degrease soup when it's cold. who is correct? a. neither leon nor sara is correct. b. leon is correct. c. both leon and sara are correct. d. sara is correct. student b   incorrect which following answer correct?

Suppose farmer lane grows and sells cotton in a perfectly competitive industry. the market price of cotton is $1.64 per kilogram, and his marginal cost of production is $1.44 per kilogram, which increases with output. assume farmer lane is currently earning a profit. can farmer lane do anything to increase his profit in the short run? farmer lane: a. cannot do anything to increase his profit. b. may or may not be able to increase his profit. c. can increase his profit by raising his price. d. can increase his profit by producing more output. e. can increase his profit by shutting down.