This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Haven Industries purchased 1,000 units of product at a cost of $1.20 per unit. Haven's standard ... (Read 421 times)

amymoore

  • Full Member
  • ***
  • Posts: 161
on: Feb 5, 2023
Haven Industries purchased 1,000 units of product at a cost of $1.20 per unit. Haven's standard price per unit was set at $1.10. Which of the following is the correct journal entry to record the purchase?
◦
Accounts Payable1,100​
Direct Materials Price Variance100​
    Raw Materials Inventory​1,200

◦
Raw Materials Inventory1,200​
    Direct Materials Price Variance​100
    Accounts Payable​1,100

◦
Raw Materials Inventory1,100​
Direct Materials Price Variance100​
    Accounts Payable​1,200

◦
Accounts Payable1,200​
    Direct Materials Price Variance​100
    Raw Materials Inventory​1,100
Managerial Accounting ¦ Davis ¦ 4th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by amymoore on Feb 5, 2023

Nutellas_Good

  • Full Member
  • ***
  • Posts: 156
Reply #1 on: Feb 5, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 55% of students answer this correctly


amymoore

  • Member
  • Posts: 161
Reply 2 on: Feb 5, 2023
Wow, this really help

milbourne11

  • Member
  • Posts: 322
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Aquamatic pad and heating unit provide dry heat treatment to a patient’s arm. Aquamatic pad and heating unit provide dry heat treatment to a patient’s arm.
Assume z is a standard normal random variable. What is the value of z if the area to the right ... Assume z is a standard normal random variable. What is the value of z if the area to the right ...
Find a quadractic equation that models the data in standard form Find a quadractic equation that models the data in standard form
A karyotype arranges the chromosomes in a standard format A karyotype arranges the chromosomes in a standard format
Energy and Energy Units Energy and Energy Units
Standard Symbols Used in Pedigrees Standard Symbols Used in Pedigrees
Video: Proteins Defined, Hierarchy & Composition of Cells

For a complete list of videos, visit our video library