Tuesday, June 14, 2011

John’s Football Manufacturing Company reported:

ACCOUNTING

Multiple Choice

John’s Football Manufacturing Company reported:

Actual fixed overhead $800,000

Fixed manufacturing overhead spending variance $20,000 favorable

Fixed manufacturing production-volume variance $30,000 unfavorable


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

a. for $780,000

b. for $790,000

c. for $800,000

d. for $810,000

Click here for the SOLUTION

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