Tuesday, June 14, 2011

Jeremy’s Football Manufacturing Company reported:

ACCOUNTING

Multiple Choice

Jeremy’s Football Manufacturing Company reported:

Actual fixed overhead $500,000

Fixed manufacturing overhead spending variance $30,000 favorable

Fixed manufacturing production-volume variance $20,000 unfavorable



To isolate these variances at the end of the accounting period, Jeremy would debit Fixed Manufacturing Overhead Allocated

a. for $480,000.

b. for $490,000.

c. for $500,000.

d. for $510,000.

Click here for the SOLUTION

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