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

question 62

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:

Corporate Strategy

The overall plan and direction of a company, involving the integration of operational strategies to achieve long-term objectives.

Branding Strategy

A long-term plan for the development of a brand in order to achieve specific goals, such as building brand equity, awareness, and customer loyalty.

Strategic Intent

A focused approach defining what an organization intends to achieve in the long term, guiding decisions and resource allocation.

Operational Plan

A plan that identifies short-term activities to implement strategic plans.