During 2020, Dentifrice Toothpaste offers a cash rebate of $1 on each $4 tube of toothpaste sold. Dentifrice anticipates 10% of the rebates will be redeemed. During 2020, 3,000,000 tubes are sold and $160,000 rebate forms are redeemed. How should Dentifrice record the rebate expense and liability on its December 31, 2020 financial statements

Turrubiates corporation makes a product that uses a material with the following standards standard quantity 8.0 liters per unit standard price $2.50 per liter standard cost $20.00 per unit the company budgeted for production of 3,800 units in april, but actual production was 3,900 units. the company used 32,000 liters of direct material to produce this output. the company purchased 20,100 liters of the direct material at $2.6 per liter. the direct materials purchases variance is computed when the materials are purchased. the materials quantity variance for april is: