Smithson Company reported the following manufacturing overhead variances.

Record the journal entry to adjust Manufacturing Overhead.

Was Manufacturing Overhead overallocated or underallocated?

Manufacturing Overhead was adjusted with a ______, which indicates overhead was ____

Variable overhead cost variance $ Variable overhead efficiency variance Fixed overhead cost variance Fixed overhead volume variance 425 F 507 U 699 U 642 F. Date Accounts and Explanation Debit Credit