Operating income flexible-budget variance. Operating income variance.
Question 9. Question: Which of the following is not a plausible cause of a systematic
variance? Student Answer: Prediction error. Modeling error. Implementation error. Measurement error. Random error UNIT 5 QUIZ
Question 10. Question: Which one of the following journal entries in a standard cost
system would be used to apply factory overhead costs to production? Student Answer: A debit to the factory overhead account, at standard cost. A credit to the factory overhead account, at standard cost. A debit to WIP inventory, at actual cost.
Operating income flexible-budget variance. Operating income variance.
Question 9. Question: Which of the following is not a plausible cause of a systematic
variance? Student Answer: Prediction error. Modeling error. Implementation error. Measurement error. Random error UNIT 5 QUIZ
Question 10. Question: Which one of the following journal entries in a standard cost
system would be used to apply factory overhead costs to production? Student Answer: A debit to the factory overhead account, at standard cost. A credit to the factory overhead account, at standard cost. A debit to WIP inventory, at actual cost.