The Management of Alpha Company Has Calculated the Following Variances

question 120

Multiple Choice

The management of Alpha Company has calculated the following variances: When determining the total production cost flexible budget variance, calculate the total manufacturing overhead variance of Alpha Company.

• A)$5,000 F
• B)$7,000 F
• C)$3,050 F
• D)$10,050 F

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Definitions:

Total Assets

Total assets encompass all the resources owned by a company, valued in monetary terms, which include both current and noncurrent assets.

Unadjusted Trial Balance

A report listing all the accounts and their balances before any adjusting entries are made, used to check the equality of debits and credits.

Adjusting Entries

Journal entries made at the end of an accounting period to allocate income and expenses to the period in which they actually occurred.