What does the fixed overhead cost variance measure?
What will be an ideal response?
The fixed overhead cost variance measures how well the business keeps fixed overhead within standards.
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Regarding accounting entries for debt securities, which of the following is TRUE?
A) The receipt of interest revenue is recorded with a debit to Interest Revenue and a credit to Cash. B) Investments in debt securities are recorded at cost, including any brokerage fees paid. C) The receipt of interest revenue is recorded with a debit to Cash and a credit to Held-to-Maturity Debt Investments. D) Debt securities disposed of at maturity are recorded with a debit to the Short-term or Long-term Investments account and a credit to Cash.
When bonds are converted to stock, any excess carrying value of the bonds over the par value of the stock is to be recorded as Additional Paid-in Capital
Indicate whether the statement is true or false
The international product life cycle
A. explains why mercantilism failed. B. explains how international trade in manufactured goods will be linked to gross national income. C. is concerned with the role of innovation in trade patterns. D. requires perfect competition as an assumption underlying successful trade. E. states that a nation will trade goods that can be produced with the production factor that is most abundant.
In deciding whether an organization will keep an old machine or purchase a new machine, a manager would ignore the
a. estimated disposal value of the old machine. b. acquisition cost of the old machine. c. operating costs of the new machine. d. estimated disposal value of the new machine.