Differentiate between the variable overhead spending variance and the variance overhead efficiency variance
The variable overhead spending variance measures the difference between what variable overhead actually cost and what it should have cost according to the flexible budget standard. But, the variable overhead efficiency variance measures the difference between the labor hours actually worked to make the product and the labor hours that should have been worked to produce the number of products made.
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Indicate whether the statement is true or false
A location classified as a one-hundred percent location for one retailer would be a one-hundred percent location for all retailers
Indicate whether the statement is true or false
Siobhan wants to join a new health club. Her roommate belongs to a club that Siobhan heard about on the radio. She decides to use her roommate's free guest passes to try out the club to see if it meets her needs. What stage of the consumer adoption process does this represent?
A. comparison B. adoption C. awareness D. interest E. trial
Dazzle, Inc. produces beads for jewelry making use. The following information summarizes production operations and sales activities for June. The journal entry to record June sales is: Direct materials used$87,000 Direct labor used 160,000 Predetermined overhead rate (based on direct labor) 155%Goods transferred to finished goods 432,000 Cost of goods sold 444,000 Credit sales 810,000
A. Debit Accounts Receivable $810,000; credit Sales $366,000; credit Finished Goods Inventory $444,000. B. Debit Accounts Receivable $810,000; credit Sales $810,000; debit Cost of Goods Sold $444,000; credit Finished Goods Inventory $444,000. C. Debit Accounts Receivable $810,000; credit Cost of Goods Sold $810,000. D. Debit Cost of Goods Sold $444,000; credit Sales $444,000. E. Debit Finished Goods Inventory $444,000; debit Sales $810,000; credit Accounts Receivable $810,000; credit Cost of Goods Sold $444,000.