Question
The flexible budget for variable manufacturing overhead is computed in which of the following ways A actualy hours used (Ah) x standard rate (SR) B
The flexible budget for variable manufacturing overhead is computed in which of the following ways
A actualy hours used (Ah) x standard rate (SR)
B standard hours allowed x standard rate
C actully hours used x actual rate
D standrd hours allowed x actualy rate
Question 2
Which of the following statments is true with respect to a budgeted balance sheet
A beginning retained earnings + net income- dividiends = ending retained earnings
B beginning retained earnings + net income + dividends= ending retained earnings
C beginning retained earnings - net income + dividneds= ending retained earnings
D beginning retatined earnings- net income- dividneds= retained earnings
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