Unlike ROI, managers cannot manipulate the numbers of EVA

Bright Lights Electrical, Inc. performed services of $8,000 on January 24 and invoiced the customer. Bright Lights received the $8,000 on January 31. Provide the journal entry on January 31 when the cash was received. (Ignore explanation.)

What will be an ideal response

The static budget is used to compute flexible budget variances as well as cost and efficiency variances for direct materials and direct labor

Indicate whether the statement is true or false