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Author Question: At the end of the fiscal year, the fixed overhead spending variance is always prorated among ... (Read 24 times)

bobbysung

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Question 1

Which of the following statements is true of variable overhead costs?
◦ Variable overhead costs always have unused capacity.
◦ Variable overhead costs have no production-volume variance.
◦ Variable overhead costs have no spending variance.
◦ Variable overhead costs have no efficiency variance.

Question 2

At the end of the fiscal year, the fixed overhead spending variance is always prorated among work-in-process control, finished goods control, and cost of goods sold on the basis of the fixed overhead allocated to these accounts.
◦ true
◦ false


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Marked as best answer by bobbysung on Mar 6, 2021

jordangronback

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bobbysung

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Reply 2 on: Mar 6, 2021
Thanks for the timely response, appreciate it


bimper21

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Reply 3 on: Yesterday
Excellent

 

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