Linus Inc. has budgeted overhead for August of $260,000 for variable costs and $435,000 for fixed costs.
Question:
The production-volume overhead variance was $5,000 favorable.
Requireda. Make two journal entries for the actual costs incurred – one for variable overhead and one for fixed overhead.
b. Make two journal entries to record the variances for August – one for variable overhead and one for fixed overhead.
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Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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