A company had the following applied fixed overhead balances at the end of the year. Work-in-process inventory $ 100,000 Finished goods inventory 50,000 Cost of goods sold 250,000 The company is also showing that it has materially under-applied fixed overhead by $30,000. To record the fixed overhead variance, the company should charge?

Answer rating: 100% (QA)

The company should debit Fixed Overhead Variance for 30000 to record the underapplied fixed overhead ... View the full answer