When underapplied or overapplied overhead is a large amount, how should it be treated?
a. Spread among work in process, finished goods and cost of goods sold accounts.
b. Divided equally between work in process and finished goods.
c. Placed in cost of goods sold.
d. Divided equally between cost of goods sold and work in process.
e. The amount is carried forward to the next accounting period.
a
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Expenses can result from:
A) increasing owner's equity. B) consuming services. C) using up liabilities. D) all are true.
In the ______ perspective, the designer focuses on the flow of data through the system.
a. data b. process c. logical d. practical
A manufacturing company has a standard costing system based on standard direct labor-hours (DLHs) as the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below: Denominator level of activity 3,700DLHsOverhead costs at the denominator activity level: Variable overhead cost$28,490 Fixed overhead cost$47,545 ?The following data pertain to operations for the most recent period: Actual hours 3,900DLHsStandard hours allowed for the actual output 3,850DLHsActual total variable manufacturing overhead cost$29,445 Actual total fixed manufacturing overhead cost$47,995 The fixed manufacturing overhead volume variance for the period is closest to:
A. $1,870 F B. $2,570 F C. $1,928 F D. $643 U
A characteristic of e-mentoring is that it typically involves formal discussions by e-mail, over a long period of time
Indicate whether the statement is true or false.