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Author Question: A company is using a standard cost system and receives its electricity bill. Electricity is ... (Read 224 times)

torybrooks

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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
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Marked as best answer by torybrooks on Mar 6, 2021

Jayson

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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.
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torybrooks

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Reply 2 on: Mar 6, 2021
:D TYSM

kishoreddi

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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