ACCOUNTING
Multiple Choice
Brandon’s Basketball Manufacturing Company reported:
Actual fixed overhead $1,000,000
Fixed manufacturing overhead spending variance $60,000 unfavorable
Fixed manufacturing production-volume variance $40,000 unfavorable
To isolate these variances at the end of the accounting period, Brandon would
a. debit Fixed Manufacturing Overhead Allocated for $1,000,000.
b. debit Fixed Manufacturing Overhead Spending Variance for $60,000.
c. credit Fixed Manufacturing Production-Volume Variance for $40,000
d. credit Fixed Manufacturing Control Allocated for $900,000
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