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Business, 27.07.2019 02:10 thelonewolf5020

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

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Acompany records its inventory purchases at standard cost but also records purchase price variances....
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