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:

Posterior Tibial Artery

A major artery of the lower leg that supplies blood to the posterior compartment of the leg and the sole of the foot.

Popliteal Artery

The major artery located in the back of the knee, it supplies blood to the knee joint and muscles in the thigh and calf.

Femoral Artery

A major blood vessel in the thigh responsible for delivering blood to the lower leg.

Aortic Arch

The curved portion of the aorta, the largest artery in the body, from which major arteries to the head and arms branch off.