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

question 24

Multiple Choice

Bismith Company reported: $\begin{array}{ll}\text { Actual fixed overhead } & \$ 500,000 \\\text { Fixed manufacturing overhead spending variance } & \$ 30,000 \text { favorable }\\\text { Fixed manufacturing production-volume variance }& \$ 20,000 \text { unfavorable }\\\end{array}$ To record the write-off of these variances at the end of the accounting period,Bismith would ________.

• A) credit Fixed Manufacturing Overhead Allocated for $500,000
• B) debit Fixed Manufacturing Overhead Spending Variance for $30,000
• C) credit Fixed Manufacturing Production-Volume Variance for $20,000
• D) debit Fixed Manufacturing Control for $500,000

Recognize the factors that influence the probability of error types and the measures researchers take to manage these probabilities.

Understand the various employee benefits offered by organizations and their functions.

Identify the types of pension plans and their benefits to different levels of employees within an organization.

Comprehend the significance of child and elder care benefits in supporting employees' work-life balance.

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Definitions:

Managerial Accounting

The practice of analyzing, presenting, and interpreting financial information for internal use by management for decision-making.