Question: The flexible budget for variable manufacturing overhead is computed in which of the following ways A actualy hours used (Ah) x standard rate (SR) B

The flexible budget for variable manufacturing overhead is computed in which of the following ways

A actualy hours used (Ah) x standard rate (SR)

B standard hours allowed x standard rate

C actully hours used x actual rate

D standrd hours allowed x actualy rate

Question 2

Which of the following statments is true with respect to a budgeted balance sheet

A beginning retained earnings + net income- dividiends = ending retained earnings

B beginning retained earnings + net income + dividends= ending retained earnings

C beginning retained earnings - net income + dividneds= ending retained earnings

D beginning retatined earnings- net income- dividneds= retained earnings

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