When Recording Variances in a Standard Cost System

question 71

Multiple Choice

When recording variances in a standard cost system:

• A) Only unfavorable material variances are debited.
• B) Only unfavorable material variances are credited.
• C) Both unfavorable material and labor variances are credited.
• D) All unfavorable variances are debited.
• E) All unfavorable variances are credited.

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Definitions:

Modified Branch

A branch that has undergone changes to serve a specific function other than structural support, such as storage or reproduction.

Spine

A sharp, pointed modified leaf or stem part of a plant that serves as a defense mechanism against herbivores.

Blue Light

A portion of the visible light spectrum, known for its high energy and potential impacts on plant growth, human circadian rhythms, and digital eye strain.

Hydrogen Ions

Positively charged ions (H+) that are formed when hydrogen atoms lose their electrons.