If a company uses standard costs to record its inventory in the general ledger, what would the journal entry be for a purchase of direct materials with a favorable price variance?

Answers

Answer 1

The journal entry for the company is Debit - Raw Materials Inventory - Standard Cost, Credit - Accounts Payable - Actual Cost.

When a company uses standard costs to record its inventory in the general ledger, the journal entry for a purchase of direct materials with a favorable price variance would be as follows

Debit - Raw Materials Inventory - Standard Cost

Credit - Accounts Payable - Actual Cost

The debit entry would record the standard cost of the direct materials purchased, and the credit entry would record the actual cost of the direct materials purchased, which is lower than the standard cost due to the favorable price variance.

It's important to note that this journal entry assumes that the company is using a perpetual inventory system, where the inventory account is updated continuously as purchases and sales occur. If the company is using a periodic inventory system, the journal entry would be different and would involve adjusting the cost of goods sold account at the end of the period.

To know more about journal entry here

https://brainly.com/question/29804751

#SPJ1


Related Questions

Select the correct answer. Which statement correctly describes this expression? |X^3| +5 A. the absolute value of three times a number added to 5 B. the cube of the sum of a number and 5 C. 5 more than the absolute value of the cube of a number D. the sum of the absolute value of three times a number and 5

Answers

The statement that correctly describes the expression |x^3|+5 is 5 more than the absolute value of the cube of a number.

Given this expression: |x^3|+5

| | = This sign means Absolute value,

x^3 = x³ = x × x × x

Hence, the statement that correctly describes the expression |x^3|+5 is : 5 more than the absolute value of the cube of a number.

Learn more about expression, click;

https://brainly.com/question/14083225

#SPJ1

A jelly bean is selected at random from ajar and is not returned. The jar contains 8 red, 2 green, 4 blue, and 7 pink, jelly beans. Which is the probability of selecting a ed jelly bean on the first draw and a blue jelly bean on the second draw?

Answers

Answer:

There would be a 38% or 8/21 probability of picking a red jelly bean on the first draw and a 20% or 4/20 probability of picking a blue jelly bean on the second.

Step-by-step explanation:

There are 21 jelly beans in total. So on the first draw, there is an 8/21 chance you will get a red jelly bean. If you turn this fraction into a percentage, it is 38%.

Now that a jelly bean is missing, there are 20 jelly beans. There are four blue ones still, so there is a 4/20 chance of getting a blue jelly bean. Turning this ratio into a percent gets you 20%.

I would love a brainliest. I haven't had one yet and it would make my day. Hope this helped you!

The  probability of selecting a red jelly bean on the first draw and a blue jelly bean on the second draw is 32/441.

What is Probability?

Probability refers to potential. A random event's occurrence is the subject of this area of mathematics.

The range of the value is 0 to 1. Mathematics has incorporated probability to forecast the likelihood of various events.

The degree to which something is likely to happen is basically what probability means.

We have,

The jar contains 8 red, 2 green, 4 blue, and 7 pink, jelly beans.

total beans = 8 + 2 + 4 + 7 = 21

So, the probability of selecting a red jelly bean on the first draw and a blue jelly bean on the second draw

= 8/21 x 4 / 21

= 32 /441

Learn more about Probability here:

brainly.com/question/30034780

#SPJ2

solve. y=2x^2+8 for the axis of symmetry and the vertex

Answers

The equation y = 2x^2 + 8 is in the form of y = ax^2 + bx + c, where a = 2, b = 0, and c = 8.

The axis of symmetry is given by the formula:
x = -b / 2a

Substituting the values of a and b into the formula, we get:
x = -0 / 4 = 0

Therefore, the axis of symmetry is x = 0.

To find the vertex, we substitute the value of x = 0 into the equation:
y = 2x^2 + 8
y = 2(0)^2 + 8
y = 8

Therefore, the vertex is at the point (0, 8).

Solve the equation.
22
= 6
2 =

Answers

Z=12

Z/2=6
(Multiply both sides by 2)

Z=6*2

Z=12

Lisa is putting colored 11 light bulbs into a string of lights. There are 3 red light bulbs, 2 yellow light bulbs, and 6 pink light bulbs. How many distinct orders of light bulbs are there if two light bulbs of the same color are considered identical (not distinct)?

Answers

The distinct orders of light bulbs are there if two light bulbs of the same color are considered identical = 4,620

Here, the total number of bulbs = 11

The number of red light bulbs = 3

The number of yellow light bulbs = 2

and the number of  pink light bulbs = 6

We know that the formula for the permutation with repetition is:

n! / (n1! × n2! x ... × nk!)

We use this formula to find the required number of light bulbs.

Here, two light bulbs of the same color are considered identical

We divide by 3! in order to adjust for overcounting, because we have 3 red light bulbs.

simmilarly for the 2 yellow light bulbs, we divide with 2!.

and for the 6 pink light bulbs, we divide by 6!

Thus, the total number of distinct orders of bulbs will be:

11! / (3! × 2! × 6!) = 4,620

Learn more about permutation here:

https://brainly.com/question/28720645

#SPJ1

Sarah's bird feeder holds 1/2 of a cup of birdseed. Sarah is filling the bird feeder with a scoop that holds 1/4 of a cup. How many scoops of birdseed will Sarah put into the feeder?

Answers

The number of scoops of birdseed Sarah puts in the feeder n = 2

Given data ,

Let the number of scoops of birdseed Sarah puts in the feeder be n

While utilizing a scoop that can contain 1/4 cup of birdseed, Sarah's bird feeder holds 1/2 cup of birdseed. We must divide the capacity of the bird feeder by the capacity of the scoop to determine how many scoops Sarah will add to the feeder.

On simplifying the equation , we get

1/2 ÷ 1/4 = n

n = 1/2 x 4/1

n = 4/2

n = 2 scoops

Hence , the equation is solved and n = 2

To learn more about equations click :

https://brainly.com/question/19297665

#SPJ1

what two numbers multiply to 48 and add to -7?

Answers

Thus the numbers that we are looking for are 8 and -6.

What are the numbers?

We would have to use a method in which we would call the  numbers that we want to find x and y.

We know that we have to solve the problem as a simultaneous equation so that we can be able to obtain the numbers that we seek.

If

xy = -48 ---(1)

x + y =2 --- (2)

y = -48/x ---(3)

Substitute (3) into (2)

x - 48/x = 2

x^2 - 48 = 2x

x^2 -2x - 48 = 0

x = 8 and x = -6

Thus;

8 + y = 2

y = -6

Or

-6 + y = 2

y = 8

Learn more about simultaneous equation:https://brainly.com/question/31067094

#SPJ1

Missing parts:

What numbers multiply to -48 and add to 2 at the same time

Carl went grocery shopping. He weighed his apples and they have a mass of 2450g. He measured the mass of the pineapple and found it was 3547g. How much more mass does the pineapple have?

Answers

The pineapple has 1097g more mass than the apples.

We have,

The difference between two values is the result of subtracting one value from the other.

In this case, we want to find the difference between the mass of the pineapple and the mass of the apples.

To do this, we subtract the mass of the apples from the mass of the pineapple.

The equation for this is:

Pineapple mass - Apple mass = Difference

Substituting the given values:

3547g - 2450g = 1097g

Therefore,

The pineapple has 1097g more mass than the apples.

Learn more about expressions here:

https://brainly.com/question/3118662

#SPJ1

What is 2x-5y=9 in slope intercept form?

Answers

The slope-intercept form of the equation 2x-5y=9 is y = (2/5)x - 9/5.
Y=2/5x - 9/5 this is the slope intercept form

Please help me i need the answer and im so confused just tell me if its a b c or d please

Answers

Answer:

The answer would be option A

Step-by-step explanation:

-14 times 8=-122

What is the range of the function f(x) = |x| + 5?

R: {f(x) ∈ ℝ | f(x) < 5}
R: {f(x) ∈ ℝ | f(x) ≥ 5}
R: {f(x) ∈ ℝ | f(x) > 5}
R: {f(x) ∈ ℝ | f(x) ≤ 5}

Answers

The range of the function f(x) = |x| + 5 include the following; B. R: {f(x) ∈ ℝ | f(x) ≥ 5}.

What is a domain?

In Mathematics and Geometry, a domain is the set of all real numbers for which a particular function is defined.

Additionally, the vertical extent of any graph of a function represents all range values and they are always read and written from smaller to larger numerical values, and from the bottom of the graph to the top.

By critically observing the graph shown in the image attached above, we can reasonably and logically deduce the following domain and range:

Domain = {-∞, ∞} or -∞ ≤ x ≤ ∞.

Range = {5, ∞} or 5 ≤ f(x) ≤ ∞.

Read more on domain here: brainly.com/question/17440903

#SPJ1

Some easy math i totally cant solve it

Answers

Answer:

correct answer is D

Step-by-step explanation:

Jerry had 35 big stickers and 20 small stickers at first. He exchanged 10 small stickers for 5 big stickers. What percentage of his sticker are big stickers in the end?
(1) 10% (2) 20% (3) 40% (4) 80%​

Answers

Answer:

80%

Step-by-step explanation:

After all the trade he got 50 stickers

40 Big

10 small

50 stickers is 100%

40B stickers is ??

WE multiply 40 by 100 then divide by 50

so 80%

Jerry had 35 big stickers and 20 small stickers at first, which means that he had a total of 55 stickers. After exchanging 10 small stickers for 5 big stickers, he would have 30 small stickers and 40 big stickers.

To find the percentage of big stickers, we can use the following formula:

Percentage of big stickers = (Number of big stickers ÷ Total number of stickers) x 100%

Plugging in the numbers, we get:

Percentage of big stickers = (40 ÷ 70) x 100%
Percentage of big stickers = 57.14%

Therefore, the closest answer to the percentage of big stickers in the end is (4) 80%.

Jessica wants to make a ramp using a board so that she can ride her bike onto the front porch. The ramp must reach from the ground to the floor of the porch, which is 212
ft above the ground. Jessica has decided that the ramp cannot have an incline of more than 35°.

What length board should Jessica buy if she uses the maximum angle of incline?

Enter your answer in the box. Round only your final answer to the nearest tenth

Answers

Length of board should Jessica buy is 4.4 feets.

Step-by-step explanation:

Height of the ramp =

Distance of the porch from the ground = x

Inclination of the ramp,θ = 35°

In triangle ABC,

AB =

AC = x

θ = 35°

According trigonometric ratios:

Length of board should Jessica buy is 4.4 feets.

The length of one of the legs of a right triangle is 17. The lengths of the other two sides are consecutive integers. Use the Pythagorean theorem to solve for the smaller of the two missing sides (the second leg).

Answers

The value of the smaller of the two missing sides (the second leg) is,

⇒ 144 units

We have to given that;

The length of one of the legs of a right triangle is 17.

And, The lengths of the other two sides are consecutive integers.

Hence, Let the smallest of the other legs be x,

And, the hypotenuse be x + 1.

So, By using the Pythagorean theorem as;

⇒ 17² + x² = (x + 1)²

⇒ 289 + x² = x² + 1 + 2x

⇒ 2x = 288

⇒ x = 144

Thus, The value of the smaller of the two missing sides (the second leg) is,

⇒ 144 units

Learn more about the Pythagoras theorem visit:

https://brainly.com/question/343682

#SPJ1

The Sky Train from the terminal to the rental car and long term parking center is supposed to arrive every 8 minutes. The waiting times for the train are known to follow a uniform distribution.

What is the probability of waiting less than 2 minutes and more than 6 minutes?

Answers

The 30th percentile in the uniform distribution is 2.4 min.

The correct option is (b)

Probability :

The probability formula is defined as the ratio of favorable outcomes to the ratio of total outcomes. For any event (E), :

P(E)= Number of favorable outcomes/ Number of total outcomes

[tex]\mu=\frac{a +b}{2}[/tex]

[tex]\sigma=\sqrt{\frac{(b-a)^2}{12} }[/tex]

P(x) = 1/ b - a if a < x < b

P(X < a) = 0

and

P(X > b) = 0

In this case, a = 0 and b = 8

The 30th percentile in the uniform distribution, this means that the probability is 0.30. Therefore:

0.3 = [tex]\frac{1}{8-0}.x[/tex]

0.3 (8 -0) = x

2.4 = x

Learn more about Uniform distribution at:

https://brainly.com/question/13233983

#SPJ1

The given question is incomplete, complete question is :

The Sky Train from the terminal to the rental-car and long-term parking center is supposed to arrive every eight minutes. The waiting times for the train are known to follow a uniform distribution. Find the 30th percentile for the waiting times (in minutes).

a. 2

b. 2.4

c. 2.75

d. 3

what does it mean by "the quantity" in a scatter plot

Answers

Answer:

how many or how much or what is the amount

Step-by-step explanation:

quantity means

the amount or number of a material or immaterial thing not usually estimated by spatial measurement.

if I were to ask you " How many apples are in that bag" Im basically asking what is the quantity of apples in that bag. So, in scatter plots it's asking you, how many points are on this graph of scatter points

It's a beautiful fall day! Mari and her friends decide to have a picnic in the park. Each friend is bringing something to eat or drink. Mari is bringing watermelon. Before she leaves her house, Mari cuts a watermelon into 16 equal pieces. At the picnic, she eats 3 pieces of watermelon.What fraction of the watermelon does Mari eat?

Answers

She eats 3/16 of the watermelon

IQR of 28 22 15 16 15 13 19 18

Answers

Answer: The IQR of this data set is 5.5

Step-by-step explanation: Ok so first you line the data set up in correct order.

Here's the correct order:

13, 15, 15, 16, 18, 19, 22, 28

Then you find the median and since there's even amount of numbers you add the two numbers in the middle which is 16 and 18 and divide that by 2 which is 17. So the median is 17. Then you split the data set into halves. The first quartile is 15 and the third quartile is 20.5. Then to find the IQR, you would minus 20.5 - 15 = 5.5. Hope this helps!

Victoria wants to figure out if she can run faster than
an elephant. She reads that an elephant can run 100
yards in 20 seconds. She knows she can run 60 feet in
10 seconds. Victoria says, "Since 60/10 = 6 and 100/20 = 5,
my speed is faster than an elephant's!" Does her
statement make sense? Explain why or why not.
20
Answer and explanation:

Answers

Victoria's statement that her running speed is faster an elephant's does not make sense because it is based on the comparison of unlike units of measurement.

How the above conclusion is reached:

Elephant's running speed = 100 yards in 20 seconds

= 5 yards per second (100 ÷ 20)

Units of Measurement:

1 yard = 3 feet

5 yards = 15 feet (5 x 3)

The elephant's running speed = 15 feet per second.

Victoria's running speed = 60 feet in 10 seconds

= 6 feet per second (60  ÷ 10)

Thus, we conclude that the elephant's running speed is 15 feet per second, while Victoria does 6 feet per second, making her claim untrue.

Learn more about units of measurement at https://brainly.com/question/777464.

#SPJ1

Find the surface area of the cylinder in terms of Pi. The diameter is 14 cm and the height is 18 cm

Answers

The surface area of the cylinder in terms of pi is:

S = pi*301 cm²

how to find the surface?

We know that for a cylinder of radius R and height H the surface area is:

S = pi*( 2RH + R²)

Here the height is 18 cm and the diameter is 14cm, then the radius is.

R = 14cm/2 = 7cm

Then the surface area will be:

S = pi*(2*7cm*18cm + (7cm)*7cm)

S = pi*301 cm²

That is the surface area in terms of pi.

Learn more about cylinders at:

https://brainly.com/question/9554871

#SPJ1

There are 40 boxes of lamps in the storage room. Twenty-four of the boxes contain green lamps. What percent of the boxes contain green lamps? A. 25% B. 50% C. 60% D. 75%​

Answers

The percentage of boxes with green lamps is 60%, the correct option is C.

We are given that;

Number of boxes= 40

Green lamp boxes= 24

Now,

To calculate the percentage of boxes that contain green lamps, you need to divide the number of boxes with green lamps by the total number of boxes and then multiply by 100. This is according to the formula for finding a percentage of a number12.

=(24 / 40) x 100 = 60%

Therefore, by percentage the answer will be 60%.

Learn more about percentages;

brainly.com/question/24159063

#SPJ1

The equation of a line is y= -2/7x + 3/7. What is the slope of a line perpendicular to this line?

Answers

The slope of the line perpendicular to the line is m = ( 7/2 )

Given data ,

The equation of the given line is y = -2/7x + 3/7.

Now , it is in slope-intercept form, y = mx + b, where m is the slope and b is the y-intercept.

The slope of the given line is -2/7, which means that for any line perpendicular to this line, the slope would be the negative reciprocal of -2/7.

So , m = ( 7/2 )

Hence , the slope of the perpendicular line is = 7/2

To learn more about equation of line click :

https://brainly.com/question/14200719

#SPJ1

Sum of vectors a+b pick one of answer choices

Answers

Answer:

< - 1, 5 >

Step-by-step explanation:

a = < - 5, 2 >

b = < 4, 3 >

a + b

= < - 5, 2 > + < 4, 3 >

add corresponding elements

= < - 5 + 4, 2 + 3 >

= < - 1, 5 >

Cindy has a new job offer but will need a new car for the job. After planning a budget, they determine that they can afford to pay at most $215 per month for a 6-year car loan. If an annual percentage rate of 2.1% is available to finance the car loan, calculate the value of the most expensive car loan that Cindy can afford. Round to the nearest whole
number

Answers

The value of the most expensive car loan that Cindy can afford is $13,712

We are given that;

Amount= $215

Percentage= 2.1%

PMT = 215 i = 0.021 / 12 = 0.00175 (the annual interest rate divided by 12 months) n = 6 × 12 = 72 (the number of months in 6 years)

Now,

The formula for the present value of an annuity is:

PV = PMT × (1 - 1/(1 + i)^n) / i

where:

PV = present value PMT = payment amount i = interest rate per period n = number of periods

Plugging these values into the formula, we get:

PV = 215 × (1 - 1/(1 + 0.00175)^72) / 0.00175 PV = 215 × (1 - 0.888) / 0.00175 PV = 215 × 0.112 / 0.00175 PV = 13,712

Therefore, by the percentage the answer will be $13,712.

Learn more about percent here:

https://brainly.com/question/11549320

#SPJ1

For questions 11-12, divide. Use synthetic division, if possible.
11. (x² +6x²-x² - 5x+1)+(x-2)
12. (x³ +9x² -5x +11)+(x² + 2)

Answers

Question 11 seems to have strange typos in it. Please double-check to make sure it has been typed correctly.

I'm not sure how to answer that one.

----------

I'll focus on Question 12.

The long division scratch work is shown in the image attachment below.

The answer to problem 12 is  x+9 remainder -7x-7

Please let me know if you have questions about any step of the polynomial long division process.

PLEASE HELP ME SOLVE THIS!!!!

Answers

The meaning of the absolute value of -5.5 is given as follows:

The temperature decreases 5.5 degrees.

What is the absolute value of a number?

The absolute value of a number is the number without the signal, for example:

|-2| = |2| = 2.

The number in this problem is given as follows:

-5.5.

Hence:

The negative sign means that the temperature decreased.The absolute value of 5.5 means that the temperature decreased by 5.5 degrees.

Hence the second option is the correct option in the context of this problem.

More can be learned about the absolute value of a number at brainly.com/question/24368848

#SPJ1

Create a Venn diagram to illustrate each of the following: 26. (D ⋃ E) c ⋂ F

Answers

The Venn diagram for (D ⋃ E) ⋃ F will be the ovarlapped region of D,E and F.

To represent the sets D, E, and F in the Venn diagram, we first construct three overlapping circles. Then, beginning with the innermost operation and moving outward, we shade the regions corresponding to the set operations in the expression.

We shade the area where the circles for D and E overlap because the equation (D ⋃ E)  denotes the union of the sets D and E. All the elements in D, E, or both are represented by this area.

The union of (D ⋃ E) with F is the next step. This indicates that we darken the area where the circle for F crosses over into the area that we shaded earlier. All the components found in sets D, E, F, or any combination of these sets are represented in this region.

The final Venn diagram should include three overlapping circles, with (D ⋃ E) ⋃ F shaded in the area where all three circles overlap.

Learn more about Venn diagram here:

brainly.com/question/29301560

#SPJ1

In the figure to the right, you are given a square ABCD. Each of its sides is divided into two segments, such that AE = BF = CG = DH. Prove that quadrilateral EFGH is a square.


First to answer gets brainliest

Answers

Answer:proving that EFGH is a square: points E,F,G,H

separate the sides of the square ABCD into two lines. if AE=BF=CG=DH then

AH=DG=EB=FC and it shows that if we connect the points E,F,G,H to each other with line we will have a square

HAE~EBF~FCG

LINES AND ANGLES

Circle the correct answer to each of the following questions. Show your work, if necessary.
1 Which of the following objects is two-dimensional?
a. a pair of dice
b. a basketball
C
tree
d. a circle

Answers

D. a circle is a two-dimensional object.
D. A circle is your answer
Other Questions
A 65 year old man who smokes is complaining of nagging pain in the shoulder and vertebral boarder of the scapula. What red flag is waving? The LG domain in IgCAMs is found in:humans.all vertebrates.the fruit fly.the nematode.All of the answers are correct. predict electron-domain and molecular geometry for a molecule with 5 bonding domains and two lone pairs. what is integration literacy What is normal sinus rhythm with multifocal PVCs? A radar system is characterized by the following parameters: P_t = 1 kW, tau = 0. 1 mu s, G = 30 dB, lambda = 3 cm, and T_sys = 1, 500 K. The radar cross section of a car is typically 5 m^2. How far away can the car be and remain detectable by the radar with a minimum signal-to-noise ratio of 13 dB? What is the minimum PRF to assure that we can measure the car at this distance?With this radar system in place, at what distance will a car with a radar detector that has the following parameters G = 30 dB, lambda = 3 cm, and T_sys = 1, 500 K be able to detect the radar signal? When following a motorcycle, drivers must remember that motorcycles can ____________ than other vehicles.A.) accelerate much fasterB.) stop much more quicklyC.) stop much more slowly (1) In a certain city, 60% of all residents have Internet service, 80% have television service, and 50% have both services. If a resident is randomly selected, what is the probability that he/she has at least one of these two services, and what is the probability that he/she has Internet service given that he/she had already television service? Mr. Hyers brings in a prescription for his osteoporosis. Which medication would most likely be on his prescription? Allopurinol Carisoprodol Prednisone Risedronate Summarize the relationships and dependencies between program design and data storage design. Compare and contrast 2 types of databases. When would you use one or the other type, and why? Support your response with examples Winston has $2,003 to budget each month. He budgets $1,081 forfixed expenses and the remainder of his budget is set aside forvariable expenses. What percent of his budget is allotted to variableexpenses? Round your answer to the nearest percent if necessary. The outer circumference of a dartboard is 48 centimeters. If the radius of the bulls eye in the center is 0.5 centimeters,what is the area of the dartboard not including the bulls eye? A group of students was surveyed in a middle school class. They were asked how many hours they work on math homework each week. The results from the survey were recorded.Number of Hours Total Number of Students0 11 32 33 104 95 66 3Determine the probability that a student studied for exactly 5 hours. Round to the nearest hundredth. 0.83 0.21 0.17 0.14 If the resources for a project are increased, the outputs usually:a. remain constant.b. decrease in predictable ways.c. increase in predictable ways.d. change, but not in predictable patterns. How many quarts are in 8 1/4 gallons? The following is an example of the ________ data type. the following is an example of what?a person fears elevators after being trapped in one and now uses the stairs/escalator to the point of avoiding social events where using an elevator may be a possibility NAME Problem 1 Required: Prepare a Bank Reconciliation for Peachtree Company Start with Balance Per Bank and Balance Per Company Records (13 points) A) Balance per Company Records, $17,404 B) Balance per Bank, $16,422 C) Outstanding checks were $2,383. D) Bank collected a $1,500 note receivable plus interest of $30, 51,530 E) The bank statement shows that a check given to Peachtree for $425 by Jon Doe was returned by the bank as not sufficient funds (NSF). F) Deposits in transit were $4,450 G) Bank service charge was $20. Balance Per Bank Balance Per Company Records Problem 2 Lemon Company uses a petty cash fund. Required: Make the lournal entries for the following transactions: (7 points) March 1 Lemon established a petty cash fund. He went to the bank and withdrew $100 in cash. March 31 Lemon has 2 expense receipts in the petty cash box: Postage expense 44 Delivery expense 20 The box of cash also has $30 in it. Lemon went to the bank, withdrew some money, and replenished the petty cash. cats or dogs? explanation required. The purposes of the Sprint Retrospective are to (select three):