Which of the following items describes practices surrounding the recording of variances? a. All inventories are typically
Question:
Which of the following items describes practices surrounding the recording of variances?
a. All inventories are typically carried at standard.
b. Unfavorable variances appear as debits.
c. Favorable variances appear as credits.
d. Immaterial variances are typically closed to Cost of Goods Sold.
e. All of the above.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 44% (9 reviews)
e All of the above All of the above statements are t...View the full answer
Answered By
Marvine Ekina
Marvine Ekina
Dedicated and experienced Academic Tutor with a proven track record for helping students to improve their academic performance. Adept at evaluating students and creating learning plans based on their strengths and weaknesses. Bringing forth a devotion to education and helping others to achieve their academic and life goals.
PERSONAL INFORMATION
Address: , ,
Nationality:
Driving License:
Hobbies: reading
SKILLS
????? Problem Solving Skills
????? Predictive Modeling
????? Customer Service Skills
????? Creative Problem Solving Skills
????? Strong Analytical Skills
????? Project Management Skills
????? Multitasking Skills
????? Leadership Skills
????? Curriculum Development
????? Excellent Communication Skills
????? SAT Prep
????? Knowledge of Educational Philosophies
????? Informal and Formal Assessments
0.00
0 Reviews
10+ Question Solved
Related Book For
Cornerstones of Managerial Accounting
ISBN: 978-0324660135
3rd Edition
Authors: Mowen, Hansen, Heitger
Question Posted:
Students also viewed these Business questions
-
7. 7. Which of the activity below is not true? a. Fair trade practices prohibit the use of child or forced labor, b. Fair Trade partners contribute to sustainable development by offering better...
-
Which of the following items are passed through and separately stated on Schedule K-1 to shareholders of an S corporation? a) Wages paid b) Advertising expense c) Accelerated depreciation d) Net...
-
Which of the following items are relevant to replacement decisions? Explain. a. Book value of old equipment b. Disposal value of old equipment c. Cost of new equipment
-
We consider and simulate the supply chain under a wholesale price contract. As mentioned, we use a retail price of $10, a unit production cost of $2.50, and a (monthly) demand that is normally...
-
Do employment contracts need to be in writing to be enforceable? What are the advantages of a written employment contract? Can you think of any disadvantages?
-
What are the meanings of bonding and monitoring in the context of new venture finance? What, from an economic standpoint, makes a bond effective?
-
Using the latest information for Kogan.com Limited, an online retailer, describe and illustrate the difference between equity value and enterprise value
-
Barga Co. reported net sales for 2014 and 2015 of $730,000 and $1,095,000, respectively. Its year-end balances of accounts receivable follow: December 31, 2014, $65,000; and December 31, 2015,...
-
Current year (end of year) 0 Real risk-free rate 2.5% Expected inflation Year 1 8.0% 2 6.0% 3 4.0% 4 3.0% 5 5.0% 6 and beyond 3.0% Maturity risk premium Annual 0.1% Maximum 2.0% Years Real risk-free...
-
Gibson Agency Case: 1. Calculate and present the budgeted profit for each of Gibson's clients for each of the years 2016 through 2019, using the current costing system (i.e., the one described in the...
-
Responsibility for the labor efficiency variance typically is assigned to a. labor unions. b. personnel. c. production. d. engineering. e. outside trainers.
-
(Appendix) Which of the following is true concerning significantly large labor variances? a. They are prorated among Work in Process, Finished Goods, and Cost of Goods Sold. b. They are closed to...
-
Without performing any row operations, explain why each of the matrices in Problem does not have an inverse. -2 3 4 0 1 .
-
Let f(x) = (3 - 4x) 1 f(x) has one critical value at A = A = [ For x < A, f(x) is [Select an answer For x > A, f(x) is [Select an answer
-
A bead of mass 2 kg is free to move along a smooth horizontal rod connected between two fixed points. The bead is connected to a mass of 1 kg by string of length 6 m as shown in the diagram. The mass...
-
Ronald is a software architect at MindSpace Software. He has been approached to develop a critical application for a finance company. The company has asked him to ensure that the employed coding...
-
Express the polar coordinates 5, 2 3 in Cartesian coordinates. What is the point in rectangular coordinates? (Type an ordered pair. Type exact answers for each coordinate, using radicals as needed.)
-
Basic idea: three protons are arranged in an equilateral triangle, proton 1 at the top, protons 2 and 3 at the bottom. The sides of the triangle are 1 cm. Find the net force (including direction)...
-
As discussed in Chapter 12, genes are composed of a sequence of nucleotides. A typical gene in a bacteriophage is a few hundred or a few thousand nucleotides in length. If two different strains of...
-
A copper sphere of 10-mm diameter, initially at a prescribed elevated temperature T;, is quenched in a saturated (1 atm) water bath. Using the lumped capacitance method, estimate the time for the...
-
Big Bertha Sub Shops has more than 150 locations in the Midwest with approximately 70 percent owner operated through franchise agreements. Big Bertha evaluates its shop managers based on ROI each...
-
Big Bertha Sub Shops has more than 150 locations in the Midwest with approximately 70 percent owner operated through franchise agreements. Big Bertha evaluates its shop managers based on ROI each...
-
Big Bertha Sub Shops has more than 150 locations in the Midwest with approximately 70 percent owner operated through franchise agreements. Big Bertha evaluates its shop managers based on ROI each...
-
Three vectors are shown in the figure below, but they are not drawn to scale. The sum of the three vectors is = F + 2 + 3. If Ry = 0 and F2 = 0.6F3, find Rx in terms of F. Rx F1 F2 30% F F.
-
Check that the angle in your calculator is in "degrees", sin30 = 0.5 Part A - The magnitude of the normal force FN has been calculated ro be FN = 9.70 N. Calculate the work done by the normal force....
-
A force in the positive direction of an x axis acts on an object moving along that axis. If the magnitude of the force is F = 7.2e*/3.1 N, with x in meters, find the work done by as the object moves...
Study smarter with the SolutionInn App