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:

Brand Dilution

The weakening of a brand's power or value due to overextension, overexposure, or poor management decisions.

Brand Extension

A marketing strategy where a company uses an existing brand name to introduce a new product or category to the market, leveraging the existing brand's equity.

Retailer

A business or person that sells goods directly to consumers, typically operating from a physical or online store.

National Brand

Products or services that are marketed under a manufacturer's branding and distributed across an entire country, distinct from private labels or local brands.