In its first month of operations, multiplex corporation purchased 40,000 pounds of material for $3.40 per pound. the company used 38,000 pounds of the material to produce 18,000 units of its only product. multiplex uses a standard cost system and its standard quantity and price per unit are 2 pounds at $3.50 per pound. what was the material price variance for the month? a. $4,000 favorableb. none of these. c. $4,000 unfavorabled. $2,000 unfavorablee. $2,000 favorable

Clooney corp. establishes a petty cash fund for $225 and issues a credit card to its office manager. by the end of the month, employees made one expenditure from the petty cash fund (entertainment, $20) and three expenditures with the credit card (postage, $59; delivery, $84; supplies expense, $49).record all employee expenditures, and record the entry to replenish the petty cash fund. the credit card balance will be paid later. (if no entry is required for a transaction/event, select "no journal entry required" in the first account record expenditures from credit card and the petty cash fund.