In a Journal Entry for a Standard Costing System That

question 56

Multiple Choice

In a journal entry for a standard costing system that records favourable variances, to increase the relevant variance account

• A)causes a credit to Cost of Goods Sold.
• B)decreases the Operating Income Account.
• C)the variance account must be debited.
• D)the variance account must be credited.
• E)reduces the contra account.

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