Author Question: Zitrik Corporation manufactured 110,000 buckets during February. The variable overhead ... (Read 40 times)

karen · **on:** Mar 6, 2021

Question 1

Which of the following journal entries is used to record actual variable overhead costs incurred?
◦ Accounts Payable
Variable Overhead Control
◦ Variable Overhead Control
Accounts Receivable
◦ Work-in-Process Control
Variable Overhead Control
◦ Variable Overhead Control
Accounts Payable and various other accounts

Question 2

Zitrik Corporation manufactured 110,000 buckets during February. The variable overhead cost-allocation base is $5.45 per machine-hour. The following variable overhead data pertain to February:

Actual

Budgeted

Production

110,000 units

Machine-hours

10,500 hours

10,000 hours

Variable overhead cost per machine-hour

$5.55

$5.45

What is the variable overhead spending variance?
◦ $1,050 favorable
◦ $1,000 unfavorable
◦ $1,050 unfavorable
◦ $1,000 favorable

akemokai · **Reply #1 on:** Mar 6, 2021

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