3 years ago

Lance Production Company has the following information:

Business

1 answer:

satela [25.4K]3 years ago

5 0

Answer:

Explanation:

Variance overhead efficiency variance = (Standard hours - Actual hours) * Standard variable overhead rate

= (6,000 hours * $1) - 6,000 hours * $5

= (6,000 hours - 6,000 hours) * $5

= 0 * $5

= $0

Thus, the Variance overhead efficiency variance = $0

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The correct answer is C: 120,000

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Giving the following information:

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Inventory= (Beginning inventory + purchase)*0.25=

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On July: On July 1, 2017, a company enters into a forward contract to buy 10 million Japanese yen on January 1, 2018. 1, 2017, a

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