153. If a company records their inventory purchases at standard cost but also records purchase price variances, what journal entry would be recorded if a purchase of 5,000 widgets were bought at $8.00...

153. If a company records their inventory purchases at standard cost but also records purchase price variances, what journal entry would be recorded if a purchase of 5,000 widgets were bought at $8.00 having a standard cost of $8.15?

154. The following are inputs and outputs to the help desk.


Operator training
Number of calls per day
Maintenance of computer equipment
Number of operators
Number of complaints


Identify whether each is an input or an output to the help desk.

155. Compute the standard cost for one hat, based on the following standards for each hat:

156. Standard and actual costs for direct materials for the manufacture of 1,000 units of product were as follows:

Determine the (a) quantity variance, (b) price variance, and (c) total direct materials cost variance.

(a)

(b)

(c)