A Company Has a Favorable Variable Overhead Spending Variance,an Unfavorable $\mathrm{VOH}$

question 53

Multiple Choice

A company has a favorable variable overhead spending variance,an unfavorable variable overhead efficiency variance,and underapplied variable overhead at the end of a period.The journal entry to record these variances and close the variable overhead control account will show which of the following?
VOH spencing                         $\mathrm{VOH}$ efficiency


$\text {\underline{ variance} }$                                 $\text {\underline{variance} }$                                           $\text {\underline{ VMOH} }$

• A)debit credit credit
• B)credit debit credit
• C)debit credit debit
• D)credit debit debit

---

Definitions:

National Labor Relations Act

A foundational US law enacted in 1935 to protect the rights of employees and employers, encouraging collective bargaining and regulating union activities.

Unions

Organizations formed for the purpose of representing their members' interests in dealing with employers.

Collective Bargaining

Negotiation between union representatives and management representatives to arrive at a contract defining conditions of employment for the term of the contract and to administer that contract.

Objectives

Specific, measurable goals that are designed to be achieved within a certain timeframe.