Question
1. Debiting Work in Process Inventory for $102,000 variable OH will result in: Decreasing Work in Process Inventory based on standard Variable OH rate. Decreasing
1. Debiting Work in Process Inventory for $102,000 variable OH will result in:
Decreasing Work in Process Inventory based on standard Variable OH rate.
Decreasing Work in Pocess Inventory based on Actial Variable OH rate.
Increasing Work in Pocess Inventory based on actual Variable OH rate.
Increasing Work in Process Inventory based on standard Variable OH rate.
2. Debiting Variable Overhead Efficiency Variance means we had an unfavorable outcome. (true or false)
3. Crediting Variable Overhead Spending Variance means we had an unfavorable outcome for Variable Overhead Spending Variance. (true or false)
4. We normally credit Factory Overhead to apply the actual cost to Overhead to the Work in Process. (true or false)
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