Question: Question 10 (1 point) Of the variable overhead spending variance and the fixed overhead volume variance, respectively, which would be useful in calling attention to


Question 10 (1 point) Of the variable overhead spending variance and the fixed overhead volume variance, respectively, which would be useful in calling attention to possible problems in the control of spending on overhead items? O 1) Yes/Yes O 2) Yes/No 3) No/No 4) No/Yes Save Question 11 (1 point) The volume variance provides information to management about O 1) all of the responses are correct O 2) performance for evaluation purposes O 3) cost control 4) utilization of plant facilities Question 12 (1 point) Results of operations for the Anderson Company indicated that the actual direct labor rate for the month of May was $9.75 while the standard rate was $10.00. The general ledger entry to record the incurrence of direct labor cost would include O 1) a debit to Work-In-Process for the standard number of hours times $10.00 per hour. O 2) a debit to Work-In-Process for the standard number of hours times $9.75 per hour. O 3) a debit to Work-In-Process for the actual number of hours times $9.75 per hour. O 4) a debit to Work-In-Process for the actual number of hours times $10.00 per hour. Save
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
