If Miller Company makes the following journal entry:

It may be inferred that
A)Miller over-allocated variable manufacturing overhead.
B)the net variance is a $12,500 favourable rate variance.
C)actual variable manufacturing overhead costs were $62,500.
D)the journal entry accounts are incorrect.
E)the net variance is $12,500 unfavourable.

Question

If Miller Company makes the following journal entry:

It may be inferred that
A)Miller over-allocated variable manufacturing overhead. 
B)the net variance is a $12,500 favourable rate variance. 
C)actual variable manufacturing overhead costs were $62,500. 
D)the journal entry accounts are incorrect. 
E)the net variance is $12,500 unfavourable.

Quizplus · Accepted Answer

The Answer of If Miller Company makes the following journal entry:

It may be inferred that
A)Miller over-allocated variable manufacturing overhead. 
B)the net variance is a $12,500 favourable rate variance. 
C)actual variable manufacturing overhead costs were $62,500. 
D)the journal entry accounts are incorrect. 
E)the net variance is $12,500 unfavourable.

If Miller Company Makes the Following Journal Entry