QUESTION COMPLETION STATUS: 5 Question 32 1 points Castaway Co. uses a standard job cost system and a denominator volume of 25,000 direct labour hours for allocating overhead. The actual output was 12,000 units, which cost $185,700 for direct labour (23,000 hours), $28,000 for variable overhead, and $150,000 fo- fixed overhead. The standard variable overhead per unit is $2 (2 hours @ $1 per hour), and the standard fixed overhead per unit is $10 (2 hours @ $5 per hour). All variances are immaterial and are closed to cost of Sales at the end of the period. The entry to close the variable overhead variances includes a: a. Credit to work in process for $24,000 O b. Credit to the variable overhead efficiency variance for $1,000 Oc. Debit to Cost of Sales for $4,000 Od. Credit to the variable overhead spending variance for $5,000 A Moving to another question will save this response. Question 32 of 50