Question: Dr. Variable Manufacturing Overhead Efficiency Variance 7,000 Cr.VariableManufacturingOverheadControl(Actual)179,000 Cr. Variable Manufacturing Overhead Spending Variance 57,000 Which of the following statements is true of the given

Dr. Variable Manufacturing Overhead Efficiency Variance 7,000 Cr.VariableManufacturingOverheadControl(Actual)179,000 Cr. Variable Manufacturing Overhead Spending Variance 57,000 Which of the following statements is true of the given journal entry? A favorable flexible-budget variance of $50,000 is recorded. Variable overhead was under-allocated (applied) by $50,000. An unfavorable spending variance of $57,000 is recorded. A favorable efficiency variance of $7,000 is recorded

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