Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a company uses standard costing. for the month, ac

A company uses standard costing. For the month, actual variable overhead costs were $100,000. During...

80.2K

Verified Solution

Question

Accounting

A company uses standard costing. For the month, actual variable overhead costs were $100,000. During the month, the company assigned (allocated) $90,000 to output units. The company closes its books at the end of each month. The closing entry for the month includes:

a.

debit variable overhead control account for $10,000

b.

credit variable overhead allocated account for $10,000

c.

debit cost of goods sold for $10,000

d.

credit cost of goods sold for $10,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Discuss these questions: IN LABORATORY What would be the consequence of using the wrong color tube? What...

Biology
Q

Give a step by step description of the physics and mathematics needed to calculate the trajectory...

Physics
Q

Consider the design of an engine for a high-efficiency automobile engine design that is to...

Mechanical Engineering
Q

Case Study 6 Independent Contractor or Employee U S v Silk 1947 Two different companies...

Biology
Q

However many tennis rackets the gym teacher,Mr. Marquez, buys for his class, he must buy...

Basic Math
Q

A job placement agency advertised that last year its clients on average had a starting...

Statistics
Q

Here are the data on the age of students that attend Norco College Age 19...

Statistics
Q

m R x 1 2 f x h f x h 1 1 x h...

Algebra
Q

Sun Corporation received a charter that authorized the issuance of 90,000 shares...

Accounting
Q

E 10-9 Acquisition cost; noninterest-bearing note [ LO10-3 On January 1, 2024, Byner Company purchased...

Accounting
Q

Perpetual Inventory Using FIFO The following units of a particular item were available for sale...

Accounting
Q

choose? A first step in addressing ethical dilemmas is to identify the...

Accounting