Sanchez Company made the following journal entry:
A)Sanchez overallocated variable manufacturing overhead.
B)A $10,000 favorable spending variance was recorded.
C)Work-in-Process is currently overstated.
D)This entry may be recorded yearly to provide timely feedback to managers.

Question

Sanchez Company made the following journal entry: 
A)Sanchez overallocated variable manufacturing overhead. 
B)A $10,000 favorable spending variance was recorded. 
C)Work-in-Process is currently overstated. 
D)This entry may be recorded yearly to provide timely feedback to managers.

Quizplus · Accepted Answer

The Answer of Sanchez Company made the following journal entry: 
A)Sanchez overallocated variable manufacturing overhead. 
B)A $10,000 favorable spending variance was recorded. 
C)Work-in-Process is currently overstated. 
D)This entry may be recorded yearly to provide timely feedback to managers.

Sanchez Company Made the Following Journal Entry