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Author Question: The following information relating to fixed overhead is available for Haven Industries:Spending ... (Read 361 times)

petersan

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

Spending variance$6,000 favorable
Volume variance$4,000 unfavorable

Which of the following is the correct journal entry to record the spending and efficiency variances?
Manufacturing Overhead10,000
    Fixed Overhead Spending Variance6,000
    Fixed Overhead Volume Variance4,000

Fixed Overhead Volume Variance4,000
Manufacturing Overhead2,000
    Fixed Overhead Spending Variance6,000

Fixed Overhead Spending Variance6,000
Fixed Overhead Volume Variance4,000
    Manufacturing Overhead10,000

Manufacturing Overhead2,000
Fixed Overhead Spending Variance6,000
    Fixed Overhead Volume Variance8,000


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Marked as best answer by petersan on Feb 5, 2023

H.cope00

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petersan

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Reply 2 on: Feb 5, 2023
YES! Correct, THANKS for helping me on my review


CAPTAINAMERICA

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Reply 3 on: Yesterday
Excellent

 

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