On april 13, the kesselman company purchased $23,000 of merchandise from the krausman company, with terms of 1/10, n/30. on april 15, kesselman paid $310 to ace trucking company for freight on the shipment. on april 18, kesselman company returned $1,100 of merchandise for credit. final payment was made to krausman on april 22. kesselman company records purchases using the perpetual inventory system. required prepare the journal entries that kesselman company should make on april 13, 15, 18, and 22.

Abbington company has a manufacturing facility in brooklyn that manufactures robotic equipment for the auto industry. for year 1, abbingtonabbington collected the following information from its main production line: actual quantity purchased-200 units, actual quantity used-110 units, units standard quantity-100 units, actual price paid-$8 per unit, standard price-$10 per unit. atlantic isolates price variances at the time of purchase. what is the materials price variance for year 1? 1. $400 favorable. 2. $400 unfavorable. 3. $220 favorable. 4. $220 unfavorable.