Demonstrates the comparison of the four-variance method

Assignment Help Financial Accounting
Reference no: EM13776913

Which of the following correctly demonstrates the comparison of the four-variance method of factory overhead analysis to the two-variance method of factory overhead analysis?

a. The sum of the fixed and variable spending variances in the four-variance method is equal to the flexible-budget variance in the two-variance method.

b. The sum of the fixed and variable spending and variable efficiency variances in the four-variance method is equal to the flexible-budget variance in the two-variance method.

c. The sum of the fixed and variable spending, variable efficiency and production-volume variances in the four-variance method is equal to the flexible-budget variance in the two-variance method.

 

d. The fixed spending variance in the four-variance method is equal to the flexible-budget variance in the two-variance method.

Reference no: EM13776913

Questions Cloud

Describe the difference between a temporary impairment : Investments must be evaluated each period to determine if an Impairment of the Investment has occurred. Describe the difference between a Temporary Impairment and Other Than Temporary Impairment. If the security is written-down, can a write-up occur ..
What is adgers employee salaries and wages spending variance : Adger Corporation is a service company that measures its output based on the number of customers served. The company provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results for May as shown ..
An electronic crime scene investigation unit : Mock Electronic Crime Scene You have been asked to form an Electronic Crime Scene Investigation Unit. Keeping the constitutional issues in mind, create a mock electronic crime scene from one of the topics listed below: Identity Theft Child Pornograph..
Discuss 3 types of assault and their characteristics : Discuss 3 types of assault and their characteristics, as presented in the book. Why is assault often not reported? What are motivators for assault and other violence that occur in relationships? In stranger assaults? How does Georgia define assault, ..
Demonstrates the comparison of the four-variance method : Which of the following correctly demonstrates the comparison of the four-variance method of factory overhead analysis to the two-variance method of factory overhead analysis?
Standard and flexible budgeting system : Baker Company has a standard and flexible budgeting system and uses a two-variance analysis of factory overhead. Selected data for the June production activity follows:
What was monroes production-volume variance : The data below relate to the month of April for Monroe, Inc., which uses a standard cost system and a two-variance analysis of factory overhead: What was Monroe's production-volume variance for April?
Url to a current advertisement for an aircraft for sale : Using your search engine, locate the URL to a current advertisement for an aircraft for sale. • Post your URL • Identify all warranties that are expressed in or implied by the ad • Identify any representations in the ad that may be puffery
Unfavorable flexible-budget variance : Elgin Company's budgeted fixed factory overhead costs are $50,000 per month plus a variable factory overhead rate of $4.00 per direct labor hour. The standard direct labor hours allowed for October production were 20,000. An analysis of the factory o..

Reviews

Write a Review

 

Financial Accounting Questions & Answers

  Which of the following recordings is made

When the first payment is made on December 31, 2010, which of the following recordings is made?

  Variable costing is also called

Three types of costs accumulated on job cost records that include direct materials, and. Variable costing is also called

  Partnership not subject to the passive loss rules

In 2010, Kelly, who earns a salary of $200,000, invests $40,000 for a 20% interest in a partnership not subject to the passive loss rules. Through the use of $800,000 of nonrecourse financing, the partnership acquires assets worth $1 million.

  Why are unrecorded liabilities a special independent

Auditor reviewed invoices and cash disbursements in seach of any unrecorded liabilities. Why are unrecorded liabilities a special problem for an independent auditor?

  Finding additional borrowings required from bank at given

finding additional borrowings required from bank at given current ratio.bpc anticipates reaching a sales level of 6

  Calculate the cost of goods sold during march

Prepare a traditional (absorption) income statement for Champs, Inc., for the month of March. Assume that sales for the month were $207,060 and the company's effective income tax rate was %35.

  What would mcentire report as total retained earnings

Assume McEntire Corp. restricted retained earnings in the amount of $70,000 on December 31, 2010. After this action, what would McEntire report as total retained earnings in its December 31, 2010, balance sheet?

  This is an essay assignment in narrative format answering

this is an essay assignment in narrative format answering to the following three questions1 apply basic accounting

  Define the receiables and what is the net income is there a

define the receiables and what is the net income. is there a way to get a reference to go by to know how to answer the

  What net reduction in retained earnings would result

On that date, when the market price of Oliver was $14 per share, there were 180,000 shares of Gibbs outstanding. What NET reduction in retained earnings would result from this property dividend?

  Cvp analysis - bepprepare a contribution margin format

cvp analysis - bepprepare a contribution margin format income statement calculate break-even point presented here is

  What is cavender true cash balance

How is the preparation of a bank reconciliation considered to be a control device?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd