Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. by year end kingbird corp had recognized standard

by year end kingbird corp had recognized standard cost variance for all of its production...

60.1K

Verified Solution

Question

Accounting

by year end kingbird corp had recognized standard cost variance for all of its production costs including DM, DL , variable MOH And fixed MOH the following varianceexist per the trial balanceof COGS AT thisbthis time is $111940 record the journal entryto write off these variance directly to COGS make note of tghe adjusted COGS balance after this entry is posted

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

We are evaluating a project that costs $744,000, has a six-year life, and has no salvage...

Finance
Q

What is the conflict perspective concerning race and ethnic relations?

Psychology
Q

[The following information applies to the questions displayed below.] Rubio recently invested $20,000 (tax basis) in purchasing...

Accounting
Q

A camouflage B bioluminescence

Biology
Q

Consider the first six terms of this sequence 6 12 24 48 96 Which equation...

Algebra
Q

Why is the relationship between AICPA and FASB important to understand?

Accounting
Q

Please answer carefully What are the three general factors that determine the fit...

Accounting
Q

Explain why the construction industry poses particular revenue recognition problems for accountant.

Accounting
Q

In an effective internal control system, certain elements work to support the achievement of an...

Accounting
Q

[The following information applies to the questions displayed below.] The following data is...

Accounting
Q

Attempt in Progress Pharoah Corp. is expecting annual payments of $34,900 for the next seven...

Finance
Q

Tannen Industries is considering an expansion. The necessary equipment would be purchased for $20 million...

Finance