When Variances Are Immaterial, Which of the Following Statements Is

question 62

Multiple Choice

When variances are immaterial, which of the following statements is true of the journal entry to write-off the variable overhead variance accounts?

• A) Cost of Goods Sold account will always be debited.
• B) Unfavorable efficiency variance will be credited.
• C) Favorable efficiency variance will be credited.
• D) Cost of Goods Sold account will always be credited.

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Definitions:

Miscarriages

The spontaneous loss of a pregnancy before the fetus can survive outside the uterus, typically before 20 weeks of gestation.

Prenatal Development

The process of growth and development within the womb, from conception to birth, encompassing various stages of physical and physiological changes.

Prenatal Development

The process of growth and development within the womb, from the conception until birth.

Germinal Stage

The first fortnight of development before birth, which commences right after conception, is marked by quick proliferation of cells and the start of cellular specialization.