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:

Meta-Analysis

A statistical analysis that combines the results of multiple scientific studies to arrive at a conclusion that is statistically stronger than any single study due to increased numbers of subjects.

Statistical Technique

A method or procedure applied to data collection, analysis, interpretation, and presentation in statistical studies.

Molecular Genetic Studies

Studies of the structure and function of genes that help in understanding how genetic mutations can lead to disease.

Genetic Abnormalities

Variations from the normal sequence in the genetic material of an organism, which may or may not lead to disease or conditions.