If the Net Variance of a Business Using Standard Costing

question 10

Multiple Choice

If the net variance of a business using standard costing is significant relevant to total production cost, the net variance should be:

• A)assigned to cost of goods sold.
• B)allocated between WIP and FG inventories and cost of goods sold.
• C)carried forward to the next accounting period.
• D)None of the answers are correct.

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