The Activity Variance for Expenses in October Would Be

question 79

Multiple Choice

The activity variance for expenses in October would be:

• A) $5,095 F
• B) $15,700 F
• C) $5,095 U
• D) $15,700 U

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Definitions:

Bank Statement Adjustment

Adjustments made to the bank statement balance to reflect transactions that have not been recorded by the bank, ensuring the balance matches the company's records.

Company Books Adjustment

Modifications made to a company's financial records to correct errors or account for unrecorded transactions.

Interest Revenue

Income earned by a company from the interest it charges on loans or from interest-bearing investments.

Earned

A term referring to revenues or incomes that have been generated from business activities or services provided.