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 195 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
Thanks for the timely response, appreciate it

apple

  • Member
  • Posts: 352
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

An example of a two-component regulatory system in bacteria An example of a two-component regulatory system in bacteria
How the immune system fights a viral infection How the immune system fights a viral infection
Venn Diagram of Nervous System and Endocrine System Venn Diagram of Nervous System and Endocrine System
How to quickly determine the maximum or minimum value of a quadratic equation in standard form How to quickly determine the maximum or minimum value of a quadratic equation in standard form
The Urinary System The Urinary System
Development of the Integumentary System Development of the Integumentary System
Video: Sex-Linked Traits! How are eye colors inherited in fruit flies?

For a complete list of videos, visit our video library