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Home Q & A Board Other Fields Homework Help Business Accounting
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Rosa Rosa
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A month ago
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 Variance​7,000


▸
Variable Overhead Spending Variance4,000​
Variable Overhead Efficiency Variance7,000​
    Manufacturing Overhead​11,000


▸
Variable Overhead Efficiency Variance7,000​
    Manufacturing Overhead​3,000
    Variable Overhead Spending Variance​4,000


▸
Manufacturing Overhead11,000​
    Variable Overhead Spending Variance​4,000
    Variable Overhead Efficiency Variance​7,000
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Managerial Accounting

Managerial Accounting


Edition: 4th
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aupadhay287aupadhay287
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A month ago
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More solutions for this book are available here
Manufacturing Overhead3,000​
Variable Overhead Spending Variance4,000​
    Variable Overhead Efficiency Variance​7,000


Manufacturing Overhead = $7,000 - $4,000 = $3,000 debit; Variable Overhead Spending Variance (given) $4,000 debit; Variable Overhead Efficiency Variance (given) $7,000 credit.
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Rosa Author
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A month ago
Smart ... Thanks!
kater28
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Yesterday
You make an excellent tutor!
ky
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2 hours ago
Helped a lot
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