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Author Question: Zitrik Corporation manufactured 110,000 buckets during February. The variable overhead ... (Read 42 times)

karen

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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:

ActualBudgeted
Production110,000 units110,000 units
Machine-hours10,500 hours10,000 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


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Marked as best answer by karen on Mar 6, 2021

akemokai

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karen

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Reply 2 on: Mar 6, 2021
:D TYSM


ryhom

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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