A company uses standard costing. For the month, actual variable overhead costs were $100,000. During...
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Accounting
A company uses standard costing. For the month, actual variable overhead costs were $100,000. During the month, the company assigned (allocated) $90,000 to output units. The company closes its books at the end of each month. The closing entry for the month includes:
a.
debit variable overhead control account for $10,000
b.
credit variable overhead allocated account for $10,000
c.
debit cost of goods sold for $10,000
d.
credit cost of goods sold for $10,000
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