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Kristin's Basketball Manufacturing Company Reported To Isolate These Variances at the End of the Accounting

Question 94

Multiple Choice

Kristin's Basketball Manufacturing Company reported:
 Actual fixed overhead $800000 Fixed manufacturing overhead spending variance $60000 favourable  Fixed manufacturing production-volume variance $40000 favourable \begin{array}{ll}\text { Actual fixed overhead } & \$ 800000 \\\text { Fixed manufacturing overhead spending variance } & \$ 60000 \text { favourable } \\\text { Fixed manufacturing production-volume variance }& \$ 40000 \text { favourable }\end{array}

To isolate these variances at the end of the accounting period,Kristin would debit:


A) Fixed Manufacturing Overhead Allocated for $900 000.
B) Fixed Manufacturing Production-Volume Variance for $40 000.
C) Fixed Manufacturing Overhead Spending Variance for $60 000.
D) All of these answers are correct.

Correct Answer:

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