What Is the Most Common Treatment of the Fixed-Overhead Budget

Multiple Choice

What is the most common treatment of the fixed-overhead budget variance at the end of the accounting period?

A) Reported as a deferred charge or credit.
B) Allocated among Work-in-Process Inventory, Finished-Goods Inventory, and Cost of Goods Sold.
C) Charged or credited to Cost of Goods Sold.
D) Allocated among Cost of Goods Manufactured, Finished-Goods Inventory, and Cost of Goods Sold.
E) Charged or credited to Income Summary.