Osium Company made the following journal entry Variable Manufacturing Overhead A

Question

Osium Company made the following journal entry Variable Manufacturing Overhead Allocated Variable Manufacturing Overhead Efficiency Variance 250,000 80,000 Variable Manufacturing Overhead Control Variable Manufacturing Overhead Spending Variance 300,000 30,000 Which of the following statements is true of the given journal entry? ( A, B. C. D. A S80.000 unfavorable efficiency variance was recorded. Work-in-Process is currently overstated. A $30,000 unfavorable spending variance was recorded. Osium overallocated variable manufacturing overhead.

Explanation / Answer

Solution:-

A. A $80,000 unfavorable efficiency variance was recorded.

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