Which of the following criteria does Strategic Business Insights' VALS framework use to segment

Which of the following is not a reason the retail inventory method is used widely?

a. As a control measure in determining inventory shortages b. For insurance information c. To permit the computation of net income without a physical count of inventory d. To defer income tax liability

Atlace Manufacturing uses a standard cost system

Standards for direct materials are as follows: Direct materials (pounds per unit of output) 3 Cost per pound of direct materials $4 The company plans to produce 3,000 units and has purchased 12,000 pounds of direct materials at a net cost of $43,200. What is the journal entry to record this transaction? A) Raw Materials Inventory (12,000 pounds x $4/pound) 48,000 Direct Materials Cost Variance 4,800 Accounts Payable (12,000 pounds x $3.60/pound) 43,200 B) Raw Materials Inventory (12,000 pounds x $4/pound) 48,000 Direct Materials Cost Variance 4,800 Accounts Payable (12,000 pounds x $3.60/pound) 43,200 C) Raw Materials Inventory (12,000 pounds x $3.60/pound) 43,200 Direct Materials Cost Variance 4,800 Accounts Payable (12,000 pounds x $4/pound) 48,000 D) Raw Materials Inventory (12,000 pounds x $3.60/pound) 43,200 Direct Materials Cost Variance 4,800 Accounts Payable (12,000 pounds x $4/pound) 48,000