Beta Company provides the following journal entries: Variable Manufacturing Overhead Allocated $180,000 Variable Manufacturing Overhead Efficiency Variance 20,000 Variable Manufacturing Overhead Control $165,000 Variable Manufacturing Overhead Spending Variance 35,000 Which of the following statements is true of the given journal entries? a. A favourable variable manufacturing overhead flexible - budget variance of $15,000 is recorded. b. A variable manufacturing overhead cost of $165,000 is written - off. C. None of the answers. d. An unfavourable variable manufacturing overhead spending variance of $35,000 is recorded. e. An unfavourable variable manufacturing overhead flexible - budget variance of $15,000 is recorded.
Beta Company provides the following journal entries: Variable Manufacturing Overhead Allocated $180,000 Variable Manufacturing Overhead Efficiency Variance 20,000 Variable Manufacturing Overhead Control $165,000 Variable Manufacturing Overhead Spending Variance 35,000 Which of the following statements is true of the given journal entries? a. A favourable variable manufacturing overhead flexible - budget variance of $15,000 is recorded. b. A variable manufacturing overhead cost of $165,000 is written - off. C. None of the answers. d. An unfavourable variable manufacturing overhead spending variance of $35,000 is recorded. e. An unfavourable variable manufacturing overhead flexible - budget variance of $15,000 is recorded.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Beta Company provides the following journal entries:
Variable Manufacturing Overhead Allocated $180,000
Variable Manufacturing Overhead Efficiency Variance 20,000
Variable Manufacturing Overhead Control $165,000
Variable Manufacturing Overhead Spending Variance 35,000
Which of the following statements is true of the given journal entries?
a.
A favourable variable manufacturing overhead flexible - budget variance of $15,000 is recorded.
b.
A variable manufacturing overhead cost of $165,000 is written - off.
C.
None of the answers.
d.
An unfavourable variable manufacturing overhead spending variance of $35,000 is recorded.
e.
An unfavourable variable manufacturing overhead flexible - budget variance of $15,000 is recorded.
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