ALL 3 ANSWERS REQUIRED FOR UPVOTE

The entry to adjust the Factory Overhead account that has a debit balance includes: Debit to Cost of Goods Sold Credit to Cost of Goods Sold Debit to Factory Overhead credit to Finished Goods Intentionally overstating expense budgets or understating sales budgets to allow for a cushion is called: budget constraint budgetary hole budgetary slack budget variable The difference between the net income figure under absorption costing and variable costing is calculated as: difference in inventory divided by fixed overhead cost per unit product cost times fixed overhead cost per unit difference in inventory times fixed overhead cost per unit units in ending inventory times variable overhead cost per unit