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...

90.2K

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

Biology
1.2K views

What is the independent variable in the hypothesis The foot in the door selling technique...

Physics
1.2K views

the figure shown below there is an equilateral glass prism ABC of which point C...

Physics
1.2K views

A weightless rod of length 2 carries two equal masses m one tied at lower...

Geometry
1.2K views

Three atoms with atomic radii of 4 0 5 0 and 5 9 are arranged...

Basic Math
1.2K views

A basketball team sold raffle tickets to raise money for the upcoming season. They sold...

Algebra
1.2K views

Find a basis for the subspace of R spanned by S S 5 9 9...

Algebra
1.2K views

A person s pulse rate is the number of time his or her heart beats...

Algebra
1.2K views

The equation of a line that is perpendicular to 3x + 2y = 8 and...

Algebra
1.2K views

Determine whether the given binomial is a factor of the polynomial p x If it...

Accounting
1.2K views

Total: 10 Result: Subtract: Total estate taxes Other credits Federal estate tax due 12 Result:...

Accounting
1.2K views

please answer all parts, just answer is needed thanks Read the requirements. Requirement...

Accounting
1.2K views

Accounting Hero Inc. has an equipment purchased for $300,000. $4,000 is estimated to be the...