At the End of the Fiscal Year, Variances from Standard

question 158

Multiple Choice

At the end of the fiscal year, variances from standard costs are usually transferred to the

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

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Definitions:

Meiosis

A type of cell division that results in four daughter cells each with half the number of chromosomes of the parent cell, essential for sexual reproduction.

Alleles

Variants of a gene that arise by mutation and are found at the same place on a chromosome.

DNA Sequences

The precise order of nucleotides within a DNA molecule, which determines the genetic information carried.

Homologous Chromosomes

Pairs of chromosomes in a diploid organism that have the same gene sequence and structure, one from each parent.