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: In addition to the above, Atlantic calculated the following overhead variances:
The journal entry to close out the overhead account and record the overhead variances would be:

Question

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:  In addition to the above, Atlantic calculated the following overhead variances:
 The journal entry to close out the overhead account and record the overhead variances would be:

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The Answer of 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:  In addition to the above, Atlantic calculated the following overhead variances:
 The journal entry to close out the overhead account and record the overhead variances would be:

Atlantic Manufacturing Company Uses Standard Costing Methodology in Their Journal