Paragraph corporation acquired controlling ownership of sentence corporation on december 31, 20x3, and a consolidated balance sheet was prepared immediately. partial balance sheet data for the two companies and the consolidated entity at that date follow: during 20x3, paragraph provided engineering services to sentence and has not yet been paid for them. there were no other receivables or payables between paragraph and sentence at december 31, 20x3.

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.