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Author Question: The following information relating to variable overhead is available for Haven Industries:Spending ... (Read 162 times)

bvyeehaw

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The following information relating to variable overhead is available for Haven Industries:

Spending variance$4,000 unfavorable
Efficiency variance$7,000 favorable

Which of the following is the correct journal entry to record the spending and efficiency variances?
Manufacturing Overhead3,000
Variable Overhead Spending Variance4,000
    Variable Overhead Efficiency Variance7,000

Variable Overhead Spending Variance4,000
Variable Overhead Efficiency Variance7,000
    Manufacturing Overhead11,000

Variable Overhead Efficiency Variance7,000
    Manufacturing Overhead3,000
    Variable Overhead Spending Variance4,000

Manufacturing Overhead11,000
    Variable Overhead Spending Variance4,000
    Variable Overhead Efficiency Variance7,000


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Marked as best answer by bvyeehaw on Feb 5, 2023

avelasquez

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bvyeehaw

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Reply 2 on: Feb 5, 2023
Excellent


blakcmamba

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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