Squeaky clean produces commercial strength cleansing supplies. two of its main products are window cleanser that uses ammonia, and floor cleanser that uses bleach. information for the most recent period follows:
product names window cleaner(ammonia) floor cleaner(bleach)
direct materials information
standard ounces per unit 16 oz. 24oz.
standard price (sp) per ounce $0.25 ?
actual quantity (aq) used per unit 20oz. 22oz.

actual price (ap) paid for material $1.75 $0.72
actual quantity purchased (aqp)
and used 1,000oz. 2,800oz.
price variance ? $56
u
quantity variance $4,900
u ?
flexible budget variance ? $504
f
number of units produced 700 400
what is the direct materials flexible budget variance for ammonia?
a. $6,400 favorable
b. $6,400 unfavorable
c. $3,400 unfavorable
d. $3,400 favorable

Reynolds corp. factors $400,000 of accounts receivable with mateer finance corporation on a without recourse basis on july 1, 2015. the receivables records are transferred to mateer finance, which will receive the collections. mateer finance assesses a finance charge of 1 ½ percent of the amount of accounts receivable and retains an amount equal to 4% of accounts receivable to cover sales discounts, returns, and allowances. the transaction is to be recorded as a sale.required: a. prepare the journal entry on july 1, 2015, for reynolds corp. to record the sale of receivables without recourse.b. prepare the journal entry on july 1, 2015, for mateer finance corporation to record the purchase of receivables without recourse— think through this.c. explain the difference between sale of receivables with recourse as oppose to without recourse.