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Home Q & A Board Other Fields Homework Help Business Accounting
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Ashurbanipal Ashurbanipal
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A month ago
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 Variance​6,000
    Fixed Overhead Volume Variance​4,000


▸
Fixed Overhead Volume Variance4,000​
Manufacturing Overhead2,000​
    Fixed Overhead Spending Variance​6,000


▸
Fixed Overhead Spending Variance6,000​
Fixed Overhead Volume Variance4,000​
    Manufacturing Overhead​10,000


▸
Manufacturing Overhead2,000​
Fixed Overhead Spending Variance6,000​
    Fixed Overhead Volume Variance​8,000
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Managerial Accounting

Managerial Accounting


Edition: 4th
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whtsi_ep3whtsi_ep3
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A month ago
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More solutions for this book are available here
Fixed Overhead Volume Variance4,000​
Manufacturing Overhead2,000​
    Fixed Overhead Spending Variance​6,000


Manufacturing Overhead = $6,000 - $4,000 = $2,000 debit; Fixed Overhead Spending Variance (given) $6,000 credit; Fixed Overhead Volume Variance (given) $4,000 debit.
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