​ *Actual Hours Are Equal to Standard Hours for Units Produced.​

question 78

Multiple Choice

​
*Actual hours are equal to standard hours for units produced.​
-At the end of the fiscal year, variances from standard costs are usually transferred to the _____ account.

• A)direct labor
• B)factory overhead
• C)cost of goods sold
• D)direct materials

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Definitions:

Interest Rate

The percentage of a loan that comes with an interest charge to the borrower, often stated as an annual percentage of the loan balance.

Interest

The cost of borrowing money or the profit from lending it, typically expressed as an annual percentage of the principal.

Airline Ticket

An airline ticket is a document, typically electronic, that confirms a passenger’s reservation on a flight and includes details such as flight number, date, and seat assignment.

Savings

Money that is set aside or deposited, typically in a bank account, for future use or as a precaution against emergencies.