Question 164
Multiple Choice
Atlantic Manufacturing Company uses standard costing methodology in their journal entries and accounts. They are ready to close out their Manufacturing overhead account for the month. The T-account for overhead is shown below: Manufacturing overhead 95 , 000 93 , 000 \begin{array} { r | l } { \text { Manufacturing overhead } } \\\hline 95,000 & 93,000\end{array} Manufacturing overhead 95 , 000 93 , 000
Variable overhead spending variance 5 , 000 Fixed overhead spending variance 1 , 200 Manufacturing overhead 2 , 000 Variable overhead efficiency variance 4 , 850 Fixed overhead volume variance 3 , 350 \begin{array} { | l | r | r | } \hline \text { Variable overhead spending variance } & 5,000 & \\\hline \text { Fixed overhead spending variance } & 1,200 & \\\hline \text { Manufacturing overhead } & 2,000 & \\\hline \text { Variable overhead efficiency variance } & & 4,850 \\\hline \text { Fixed overhead volume variance } & & 3,350 \\\hline\end{array} Variable overhead spending variance Fixed overhead spending variance Manufacturing overhead Variable overhead efficiency variance Fixed overhead volume variance 5 , 000 1 , 200 2 , 000 4 , 850 3 , 350 Fixed overhead efficiency variance 4 , 850 Fixed overhead volume variance 3 , 350 Variable overhead spending variance 5 , 000 Variable overhead efficiency variance 1 , 200 Manufacturing overhead 2 , 000 \begin{array} { | l | r | r | } \hline \text { Fixed overhead efficiency variance } & 4,850 & \\\hline \text { Fixed overhead volume variance } & 3,350 & \\\hline \text { Variable overhead spending variance } & & 5,000 \\\hline \text { Variable overhead efficiency variance } & & 1,200 \\\hline \text { Manufacturing overhead } & & 2,000 \\\hline\end{array} Fixed overhead efficiency variance Fixed overhead volume variance Variable overhead spending variance Variable overhead efficiency variance Manufacturing overhead 4 , 850 3 , 350 5 , 000 1 , 200 2 , 000 Variable overhead spending variance 5 , 000 Fixed overhead spending variance 1 , 200 Manufacturing overhead 2 , 000 Fixed overhead volume variance 4 , 850 Variable overhead efficiency variance 3 , 350 \begin{array} { | l | r | r | } \hline \text { Variable overhead spending variance } & 5,000 & \\\hline \text { Fixed overhead spending variance } & 1,200 & \\\hline \text { Manufacturing overhead } & 2,000 & \\\hline \text { Fixed overhead volume variance } & & 4,850 \\\hline \text { Variable overhead efficiency variance } & & 3,350 \\\hline\end{array} Variable overhead spending variance Fixed overhead spending variance Manufacturing overhead Fixed overhead volume variance Variable overhead efficiency variance 5 , 000 1 , 200 2 , 000 4 , 850 3 , 350 Variable overhead efficiency variance 4 , 850 Fixed overhead volume variance 3 , 350 Variable overhead spending variance 5 , 000 Fixed overhead spending variance 1 , 200 Manufacturing overhead 2 , 000 \begin{array} { | l | r | r | } \hline \text { Variable overhead efficiency variance } & 4,850 & \\\hline \text { Fixed overhead volume variance } & 3,350 & \\\hline \text { Variable overhead spending variance } & & 5,000 \\\hline \text { Fixed overhead spending variance } & & 1,200 \\\hline \text { Manufacturing overhead } & & 2,000 \\\hline\end{array} Variable overhead efficiency variance Fixed overhead volume variance Variable overhead spending variance Fixed overhead spending variance Manufacturing overhead 4 , 850 3 , 350 5 , 000 1 , 200 2 , 000
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