This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A company is using a standard cost system and receives its electricity bill. Electricity is ... (Read 198 times)

torybrooks

  • Hero Member
  • *****
  • Posts: 500
on: Mar 6, 2021

Question 1

A $5,000 unfavorable flexible-budget variance indicates that ________.
◦ the flexible-budget amount exceeded actual variable manufacturing overhead by $5,000
◦ the actual variable manufacturing overhead exceeded the flexible-budget amount by $5,000
◦ the flexible-budget amount exceeded standard variable manufacturing overhead by $5,000
◦ the standard variable manufacturing overhead exceeded the flexible-budget amount by $5,000

Question 2

A company is using  a standard cost system and receives its electricity bill.  Electricity is considered a variable cost of operations for this company.  The bill is for $15,000 and will be paid next month.  Which of the following entries would be the correct recording of the electricity bill?
◦
Work-in-Process Control$15,000
Variable Overhead Allocated$15,000

◦
Variable Overhead Control$15,000
Accounts payable$15,000

◦
Work-in-Process Control$15,000
Accounts Payable$15,000

◦
Variable Overhead Control$15,000
Variable Overhead Allocated$15,000
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by torybrooks on Mar 6, 2021

Jayson

  • Sr. Member
  • ****
  • Posts: 350
Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


torybrooks

  • Member
  • Posts: 500
Reply 2 on: Mar 6, 2021
YES! Correct, THANKS for helping me on my review

apple

  • Member
  • Posts: 352
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
The autonomic nervous system with its sympathetic and parasympathetic divisions The autonomic nervous system with its sympathetic and parasympathetic divisions
A standard employment application form may be used. A standard employment application form may be used.
Additional Disorders of the Skeletal System Additional Disorders of the Skeletal System
The components of the respiratory system with micrographs of the respiratory epithelium and alveoli. ... The components of the respiratory system with micrographs of the respiratory epithelium and alveoli. ...
Some vehicles will display a message if an evaporative control system leak is detected that could ... Some vehicles will display a message if an evaporative control system leak is detected that could ...
Paranasal sinuses are part of the upper respiratory system. From here, infections may spread via the ... Paranasal sinuses are part of the upper respiratory system. From here, infections may spread via the ...
Video: Neurosynapse Animation

For a complete list of videos, visit our video library