Beta Company provides the following journal entries: Variable Manufacturing Overhead Allocated $180,000 Variable Manufacturing Overhead Efficiency Variance 20,000 Variable Manufacturing Overhead Control $165,000 Variable Manufacturing Overhead Spending Variance 35,000 Which of the following statements is true of the given journal entries? a. A favourable variable manufacturing overhead flexible - budget variance of $15,000 is recorded. b. A variable manufacturing overhead cost of $165,000 is written - off. C. None of the answers. d. An unfavourable variable manufacturing overhead spending variance of $35,000 is recorded. e. An unfavourable variable manufacturing overhead flexible - budget variance of $15,000 is recorded.
Beta Company provides the following journal entries: Variable Manufacturing Overhead Allocated $180,000 Variable Manufacturing Overhead Efficiency Variance 20,000 Variable Manufacturing Overhead Control $165,000 Variable Manufacturing Overhead Spending Variance 35,000 Which of the following statements is true of the given journal entries? a. A favourable variable manufacturing overhead flexible - budget variance of $15,000 is recorded. b. A variable manufacturing overhead cost of $165,000 is written - off. C. None of the answers. d. An unfavourable variable manufacturing overhead spending variance of $35,000 is recorded. e. An unfavourable variable manufacturing overhead flexible - budget variance of $15,000 is recorded.
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter8: Standard Cost Accounting—materials, Labor, And Factory Overhead
Section: Chapter Questions
Problem 23E: (Appendix) Calculating factory overhead: three variances Using the data given in E8-17, calculate...
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