1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alekssandra [29.7K]
3 years ago
8

Bismith Company reported: Actual fixed overhead Fixed manufacturing overhead spending variance Fixed manufacturing production-vo

lume variance $700,000 $40,000 unfavorable $30,000 unfavorable
To record the write-off of these variances at the end of the accounting period, Bismith would
A. credit Fixed Manufacturing Production-Volume Variance for $30,000
B. debit Fixed Manufacturing Control for $700,000
C. credit Fixed Manufacturing Overhead Allocated for $700,000
D. debit Fixed Manufacturing Overhead Spending Variance for $40,000
Business
1 answer:
max2010maxim [7]3 years ago
5 0

Answer:

D. Debit fixed manufacturing overhead spending variance for $40,000

Explanation:

Since fixed manufacturing overhead shows the difference between the actual fixed overhead costs and budgeted fixed overhead cost during a period, Bismith would debit fixed manufacturing overhead spending variance of $40,000 inorder to write off the recording of the variances at the end of the accounting period because the value for fixed manufacturing overhead spending variance has already being gotten hence would be applied at the end of the period.

You might be interested in
Who should never use jargon? a surgeon giving orders to her staff a coach telling a quarterback what play to use a plumber order
Mazyrski [523]

A computer repair person talking to a customer should never use jargon.

<h3>What is Jargon?</h3>

Jargon is the specialized vocabulary that is connected with a specific field or activity. Jargon is typically used in a specific communicative context and may be difficult to understand outside of that context.

The context is usually a specific occupation, however jargon can exist in any in-group. This includes that a surgeon giving orders to her staff, a plumber ordering parts from a supply store, and a coach telling a quarterback what play to use.

A  computer repair person talking to a customer is not included in the use of jargon, as it does not require any specialized vocabulary in compare to the another examples given.

Therefore, option D is correct.

Learn more about the jargon, refer to:

brainly.com/question/9132901

#SPJ1

3 0
1 year ago
If a company is studying the decision processes and actions of people who purchase and use products, the company is focusing on
krok68 [10]
Consumer buying behavior.
3 0
2 years ago
Need help ASAP, I’m going somewhere!
Rom4ik [11]

Answer:

https://brainly.co a separate Word or PowerPoint document containing the time line. If your tim

Explanation:

and had begun a five year apprenticeship as a machinist. His starting wage ... brainly.com/question/25586250

6 0
2 years ago
Herman Company has three products in its ending inventory. Specific per unit data at the end of the year for each of the product
jek_recluse [69]

Answer:

Product 1  - $36

Product 2 -  $ 96  

Product 3  -  $66

Explanation:

The accounting standard for Inventory under IFRS IAS 2 requires that inventory be recognized at cost which includes all the cost incurred to bring the item of inventory to a state or place where the item of inventory becomes available for sale.

These costs includes cost of purchase, freight, Insurance cost during transit etc.  

Subsequently, inventory is to be carried at the lower of cost or net realizable value.

The NRV is the Selling price less the cost to sell.

Given

                             Product 1       Product 2        Product 3

Cost                            $36              $ 106              $ 66

Selling price               $ 88              $ 168             $ 118

Costs to sell                $ 9                $ 72              $ 26

NRV                             $ 79               $ 96              $ 92

6 0
3 years ago
Rubin Enterprises had the following sales-related transactions on a recent day:
spayn [35]

Answer:

Transaction a

Debit  : Account Receivable $27,500

Credit : Sales Revenue $27,500

Transaction b

Debit  : Cash $5,875

Credit : Deferred Revenue $5,875

Transaction c

Debit  : Sales Revenue $1,500

Credit : Account Receivable $1,500

Transaction d

Debit  : Deferred Revenue $5,875

Credit : Sales Revenue $5,525

Credit : Discount received $350

Explanation:

The journals have been prepared above.

8 0
3 years ago
Other questions:
  • Financial information is presented below:
    11·1 answer
  • Alpha Colony and Beta Colony both manufacture textiles and technology. Alpha Colony always produces higher quality textiles and
    13·1 answer
  • The marketing manager of ToyBiz indicated that due to manufacturing efficiencies and market buzz, a new toy they were about to l
    15·1 answer
  • "A firm has $400,000 in credit sales and $100,000 in accounts receivable. Compute accounts receivable turnover and average numbe
    15·1 answer
  • Blue Ace Autos Inc. and Ferdova Autos Inc. are two competing automobile companies. While Blue Ace Autos' Cost of goods sold/Reve
    13·1 answer
  • When shopping for your interview clothes, some trade-offs you face include: whether to get a job or not. choosing one brand of c
    11·1 answer
  • The wage is currently $20 per hour. There is no non-labor income.
    5·1 answer
  • Assume that you are nearing graduation and have applied for a job with a local bank. As part of the bank's evaluation process, y
    15·1 answer
  • When asked a difficult question during an interview, _____.
    13·1 answer
  • At the output level defining allocative efficiency: Group of answer choices the maximum willingness to pay for the last unit of
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!