Answer:
False
Explanation:
we could see the following difference between Managerial and Financial accounting
Managerial Accounting
- Primary User: Internal
- Purpose of Information: To help managers make decisions
- Focus: Segments
- Frequency: As needed
- Auditing: Not subject to audit
- Required: No
- Time Frame Focused:Future
Managerial Accounting
- Primary User: External
- Purpose of Information: To help investor and creditor make decisions
- Focus: Entire organization as a whole
- Frequency: Quarterly and annually
- Auditing: Publicly held companies are audited
- Required: Required by GAAP, SEC, IRS, and others
- Time Frame Focused: Past (historical transactions)
Answer:
Fixed overhead absorption rate
= <u>Budgeted fixed overhead</u>
Budgeted activity level
= $<u>12,000</u>
16,000 hours
= $0.75 per hour
Production volume variance
= (Standard hours - Budgeted hours) x Fixed overhead rate
= (16,250 - 16,000) x $0.75
= $187.5(F)
The correct answer is A
Explanation:
First and foremost, we need to calculate fixed overhead absorption rate, which is the ratio of budgeted fixed overhead to budgeted hours. then, we will calculate the production volume variance, which is the difference between standard hours and budgeted hours multiplied by fixed overhead absorption rate.
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This is true. I hope this helps and have a great day (Also brainliest would be appreciated but you don’t have to) :)
