The balances in the variable overhead control account and the variable overhead control account are $120,000 and $125,000 respectively.The variable overhead spending variance is $6,000 and the variable overhead efficiency variance is $11,000.Which of the following entries would be required to record the variances in a standard costing system?
Definitions:
Excess Return
The return on an investment that exceeds the risk-free rate or a comparative benchmark or index.
Merger
A corporate strategy of combining distinct businesses under a single entity to enhance competitiveness and efficiency.
Shareholders
Shareholders are individuals or entities that own shares in a corporation, thus holding a portion of its ownership and rights to profits.
Proxy Contest
A situation where competing groups of shareholders solicit votes from other shareholders to win control over the company's board of directors without intending to buy the company outright.
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