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Given a favorable variable overhead efficiency variance of $1,600 and an unfavorable spending variance of $265, what is the closing entry? O Debit, Income summary$1,335,

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Given a favorable variable overhead efficiency variance of $1,600 and an unfavorable spending variance of $265, what is the closing entry? O Debit, Income summary$1,335, Debit, VOH spending variance $265, Credit VOH efficiency variance $1,600 Debit, Variance summary $1,865, Credit, Cost of goods sold $1,865 Debit, VOH efficiency variance $1,600, Credit, VOH spending variance $265, Credit, Income summary $1,335 Debit, VOH efficiency variance $1,600, Debit, VOH spending variance $265, Credit, Income summary $1,865

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