Bismith Company reported:

To record the write-off of these variances at the end of the accounting period, Bismith would ________.
A) credit Fixed Manufacturing Overhead Allocated for $700,000
B) debit Fixed Manufacturing Overhead Spending Variance for $40,000
C) credit Fixed Manufacturing Production-Volume Variance for $30,000
D) debit Fixed Manufacturing Control for $700,000

Question

Bismith Company reported:

To record the write-off of these variances at the end of the accounting period, Bismith would ________.
A) credit Fixed Manufacturing Overhead Allocated for $700,000 
B) debit Fixed Manufacturing Overhead Spending Variance for $40,000 
C) credit Fixed Manufacturing Production-Volume Variance for $30,000 
D) debit Fixed Manufacturing Control for $700,000

Quizplus · Accepted Answer

The Answer of Bismith Company reported:

To record the write-off of these variances at the end of the accounting period, Bismith would ________.
A) credit Fixed Manufacturing Overhead Allocated for $700,000 
B) debit Fixed Manufacturing Overhead Spending Variance for $40,000 
C) credit Fixed Manufacturing Production-Volume Variance for $30,000 
D) debit Fixed Manufacturing Control for $700,000

Bismith Company Reported: To Record the Write-Off of These Variances at the End