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

question 76

Multiple Choice

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

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Definitions:

Pollution

The introduction of contaminants into the natural environment, causing adverse change and harm to ecosystems.

Competitive Advantage

The attribute(s) that allows a company to outperform its competitors, providing it with a greater market share or profitability.

Sustainable

The quality of not being harmful to the environment or depleting natural resources, and thereby supporting long-term ecological balance.

Benefit

Part of an employee’s compensation in addition to wages and salaries.