What Is the Most Common Treatment of the Fixed-Overhead Budget

question 44

Multiple Choice

What is the most common treatment of the fixed-overhead budget variance at the end of the accounting period?

• A)Reported as a deferred charge or credit.
• B)Allocated among Work-in-Process Inventory,Finished-Goods Inventory,and Cost of Goods Sold.
• C)Charged or credited to Cost of Goods Sold.
• D)Allocated among Cost of Goods Manufactured,Finished-Goods Inventory,and Cost of Goods SolD.
• E)Charged or credited to Income Summary.