Widget manufacturing is closing out the month of July. The budget called for production of...
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Accounting
Widget manufacturing is closing out the month of July. The budget called for production of 4,000 units but actual production was only 3,500 units. The entry to apply fixed factory overhead would include a:
| credit to fixed overhead volume variance | |
| debit to fixed overhead volume variance | |
| debit to fixed overhead spending variance | |
| credit to Work in Process Inventory | |
| debit to factory overhead |
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