Mendel Company makes the following journal entry: Dr. Variable Manufacturing Overhead Allocated 229,000 Dr. Variable Manufacturing Overhead Efficiency Variance 7,000 Cr. Variable Manufacturing Overhead Control (Actual) 179,000 Cr. Variable Manufacturing Overhead Spending Variance 57,000 Which of the following statements is true of the given journal entry? A favorable flexible-budget variance of $50,000 is recorded. Variable overhead was under-allocated (applied) by $50,000. An unfavorable spending variance of $57.000is recorded. A favorable efficiency variance of $7,000 is recorded